Tritax Big Box 'well placed to capture growth' despite uncertain outlook
19th Jan 2017 08:03
(ShareCast News) - Tritax Big Box REIT, the FTSE 250 real estate investment trust investing in large retail distribution centres, said it was "well placed to capture growth" with growing occupier demand and constrained supply offering security to offset the uncertain economic conditions in Britain.
Read moreTritax Big Box exchanges contracts on new Warth Park development
23rd Dec 2016 08:56
(ShareCast News) - Tritax Big Box announced on Friday that it has exchanged contracts - conditional on receiving planning consent - to provide forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds, pre-let in their entirety under two separate leases t
Read moreTritax secures additional £50m debt facility
19th Dec 2016 07:36
(ShareCast News) - Tritax Big Box has agreed a £50m term loan in addition to the secured £500m debt facility agreed with a syndicate of lenders back in October last year, taking its aggregate facility to £550m. The loan has been agreed with Wells Fargo Bank, which is one of the existing syndicate le
Read moreTritax confirms funding for new Screwfix centre
8th Dec 2016 08:12
(ShareCast News) - Tritax Big Box REIT announced on Thursday that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution facility at Prologis Park Fradley, Staffordshire, pre-let to Screwfix Direct, a division of Kingfisher. Th
Read moreTritax Big Box acquires huge Co-op facility
12th Oct 2016 07:39
(ShareCast News) - Real estate investment trust Tritax Big Box announced on Wednesday that it has exchanged contracts to acquire the distribution warehouse and adjacent lorry parking facility at Oliver Road, Thurrock, both let to The Co-operative Group. The FTSE 250 firm said the purchase price for
Read moreTritax Big Box buys two logistics facilities
11th Oct 2016 08:14
(ShareCast News) - Tritax Big Box has exchanged contracts with a "major UK institution" to buy two modern Big Box logistics facilities in Birmingham and Northamptonshire for £115.5m. " Tritax noted that completion of the purchases was conditional - among other things - on the successful completion o
Read moreTritax Big Box to raise £150m in order to make further acquisitions
28th Sep 2016 07:59
(ShareCast News) - FTSE 250 property investment trust Tritax Big Box has announced plans to raise about £150m in a discounted share placing, subscription and open offer in order to make further acquisitions. The company, which also on Wednesday announced a second interim dividend of 1.55p per share
Read moreTritax Big Box declares dividend as portfolio value rises
11th Aug 2016 08:20
(ShareCast News) - Large logistics asset real estate investment trust Tritax Big Box reported its interim results for the six months to 30 June on Thursday. The FTSE 250 firm confirmed dividends declared for the six month period of 3.1p per share, putting the group on track to hit the target of 6.2p
Read moreTritax Big Box acquires Amazon distribution centre in Peterborough
10th Aug 2016 07:50
(ShareCast News) - Tritax Big Box has acquired one of Amazon's largest UK distribution centres for a purchase price of £42.9m, which is let to the US online retail behemoth with on an 8.7-year lease and a net initial yield of 5.6%. FTSE 250-listed Tritax, welcoming Amazon as a client for the first t
Read moreTritax 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
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