Tritax 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
Read moreTritax purchases new strategic distribution site
22nd Sep 2015 08:28
(ShareCast News) - Tritax Big Box REIT has bought a new regional distribution facility, and pre-let it out to TK Maxx. The FTSE250 listed real estate investment trust bought the site at the junction of the M62 and A1 directly off the J33 roundabout for £59m. The new distribution facility is expecte
Read moreTritax acquires warehouse to be let to Howden Joinery Group
7th Sep 2015 08:40
(ShareCast News) - Real investment trust Tritax Big Box REIT said it has reached an agreement to acquire the land that will host a new distribution warehouse for kitchen and joinery supplier Howden Joinery Group. The £67m deal will see the FTSE 250 group acquire the land and redevelop the existing f
Read moreTritax Big Box posts jump in interim operating profit
21st Aug 2015 07:42
(ShareCast News) - Tritax Big Box posted a big jump in first-half operating profit as the value of its real estate investment trust surged. Operating profit came in at £73.8m from £8.21m in the first half of 2014 as the real estate investment trust's portfolio valuation rose 203% to £1.1bn. Contrac
Read moreTritax to raise £54m in final tranche of issuance programme
18th Jun 2015 08:39
Real estate investment trust Tritax Big Box said it expects to raise £54m by issuing 47,787,607 new ordinary shares at 113p each. The FTSE 250 group said the placing comprises the final tranche of its share issuance programme, which has raised approximately £339m since November. In a statement rele
Read moreTritax to raise £125m in placing, invests £43m in developing Dunelm's facility
8th Jun 2015 08:50
Real estate investment trust Tritax Big Box unveiled plans to raise up to £125m by placing shares at 113p each. The FTSE 250 group said the placing will represent the final tranche of its share issuance programme, which is valid until 7 July. Tritax said it will combine the remaining 86.1m shares s
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
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