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Wednesday, 26 February

Big Box Fund Looks to Quintuple Value of Logistics Assets

Tritax Big Box REIT plc, a UK incorporated Real Estate Investment Trust (which, according to its website, is ‘focused on delivering income and capital returns to shareholders through investment in Big Box logistics assets in the United Kingdom’) has announced its intention to launch an initial public offering of Shares on the Specialist Fund Market of the London Stock Exchange and the Channel Islands Stock Exchange with a view to raising up to £200 million to invest in a portfolio of ‘Big Box’ logistics assets.

Big Box is the current popular term for warehouses...the type of warehouses operated by companies in the online, next day delivery markets such as Argos, Amazon and Next. The warehouses have vast levels of stock, are highly automated and are near to the best transport links. Tritax Big Box REIT plc has declared its intention to operate purely in this sector – however it is a Tritax Group Company. Tritax being an established UK and European manager which specialises in creating new commercial property investments.

Logistics portfolios are becoming increasingly popular (see recent story on ThisWeekinFM - 'Gotham City in London' Developer Raises 230million for German Logistics for example) because of the anticipated growth in online retailing. With conventional retail property showing no signs of recovering, there is an anticipation that investors will try to redirect their funds – and logistics could prove popular.

Article written by Brian Shillibeer

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