Tritax Big Box buys Kellog's Manchester distribution facility for £23.5m
9th Aug 2016 08:58
(ShareCast News) - Real estate investment trust Tritax Big Box bought a distribution facility in Manchester's Trafford Park, which is currently let to food manufacturer Kellogg's, for £23.5m. The £23.5m reflected a net yield of 5.9% on asset acquisition, and the is being funded from equity proceeds,
Read moreTritax Big Box exchanges contracts on Wolverhampton warehouse
2nd Aug 2016 08:22
(ShareCast News) - Tritax Big Box announced on Tuesday that it has exchanged contracts to provide forward funding for the development of a new logistics facility and headquarters at Four Ashes, Wolverhampton. The FTSE 250 firm said the investment price is £56.3m, reflecting a net initial yield of 5.
Read moreTritax Big Box completes Erith facility and extends £51m loan
1st Aug 2016 08:25
(ShareCast News) - Tritax Big Box announced on Monday that, following completion of the Ocado distribution warehouse at Erith, the board of the real estate investment trust has agreed terms to extend the maturity of its £50.866m loan facility. The FTSE 250 firm said the facility was secured on the a
Read moreTritax Big Box reviewing investment opportunities after Brexit vote
30th Jun 2016 07:58
(ShareCast News) - Tritax Big Box said it was continuing to review its pipeline of investment opportunities after UK voted to leave the European Union. The real estate investment trust said it was evaluating the potential for longer term fixed rate debt to diversify further its funding sources in li
Read moreTritax Big Box signs deal to buy distribution centre for £77m
24th May 2016 08:15
(ShareCast News) - Real estate investment trust Tritax Big Box said it had exchanged contracts to acquire a national distribution centre let to DSG Retail Ltd, part of Dixons Carphone for £77.3m, reflecting a net initial yield of 5.86% on the corporate acquisition. Tritax said the purchase is being
Read moreThursday newspaper share tips: Tritax Big Box REIT, Paragon
31st Mar 2016 17:56
(ShareCast News) - Tritax Big Box REIT appears to keep going from strength to strength, The Daily Telegraph´s Questor said. The company - considered to be a leader in logistics property - has a £1.3bn portfolio which is completely rented out to high quality tenants and is in a good position to expan
Read moreTritax Big Box buys Argos distribution centre for £74m
29th Mar 2016 07:53
(ShareCast News) - Tritax Big Box REIT said it had bought the Burton-upon-Trent national distribution centre of retailer Argos for £74.65m. The deal reflected a net initial yield of 5.55%, Tritax said, adding that the purchase had been funded from equity proceeds, with senior debt finance expected t
Read moreTritax Big Box buys Bristol warehouse for £25.2m
24th Mar 2016 08:18
(ShareCast News) - Tritax Big Box REIT has acquired a distribution centre in Bristol let by food wholesalers Brake Bros for £25.2m, reflecting a net initial yield of 5.2%. The deal has been funded from equity proceeds, with senior debt finance expected to be introduced in the near term. The propert
Read moreTritax Big Box lifts final dividend
16th Mar 2016 07:44
(ShareCast News) - Investor in massive logistics buildings, Tritax Big Box, increased its dividend on Wednesday by 1.85p to 6p, as its released its full year results for 2015. The FTSE 250 real estate investment trust invests in the so-called big box warehouse properties, and saw total return for th
Read moreTritax Big Box successfully completes share issue
12th Feb 2016 07:28
(ShareCast News) - There was a fresh injection of capital heading Tritax Big Box's way on Friday, with the company's board announcing the success of its Placing, Open Offer and Offer for Subscription of Ordinary Shares. It had first announced the issue on 27 January. The FTSE 250 real estate invest
Read moreSunday share tips: Tritax Big Box REIT, Victoria
7th Feb 2016 19:49
(ShareCast News) - Tritax Big Box REIT is well-placed to capitalise on the trend towards more centralised logistics in the retail sector. The FTSE-250 listed outfit owns and develops the huge and strategically-placed distribution centres which big chains such as Sainsbury´s and Argos are increasingl
Read moreTritax Big Box to raise £100m for further investments
27th Jan 2016 08:04
(ShareCast News) - Tritax Big Box REIT announced plans to raise £100m through a placing, open offer and subscription of new ordinary shares, which will be used to make further investments. The company will issue 80.6m shares at 124p each, which represents a discount of 5.8% to the closing price of 1
Read moreTritax Big Box thrives on continued logistics demand
21st Jan 2016 11:46
(ShareCast News) - Tritax Big Box, the real estate investment trust focused on logistics warehouses, lifted net asset values 15.7% over the course of 2015 and confirmed the final dividend would be 3p per share. The FTSE 250-listed REIT said its unaudited estimated EPRA net asset value per share at t
Read moreTritax Big Box acquires Matalan distribution centre
9th Dec 2015 08:52
(ShareCast News) - Tritax Big Box has purchased Matalan Retail's Northern Distribution Centre at Knowsley Business Park in Liverpool. The property was bought for £42.38m, reflecting a net initial yield of 6.27% on the acquisition. It will be funded out of equity proceeds, with senior debt finance e
Read moreTritax Big Box secures new £500m debt facility
2nd Oct 2015 07:37
(ShareCast News) - Tritax Big Box REIT has agreed a new five-year £500m secured debt facility with a syndicate made up of Barclays Bank, Helaba, Wells Fargo Bank, and N.A. and ING Real Estate Finance UK B.V. The facility will refinance £253.34m of the group's existing debt currently provided by Barc
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