Tritax Big Box REIT is a British

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

(REIT) investing in "Big Box" distribution centres. It is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is a constituent of the

FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...

History

The company is managed by Tritax, a property management business, formed in 1995. It was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

raising £200 million in November 2013. It raised a further £150 million in July 2014, a further £110 million in November 2014 and a further £175 million in March 2015 as well as a £500 million lending facility. Addition funds were raised through placings in February 2016 and in September 2016. In February 2024, the company announced it had reached a merger agreement with UK Commercial Property REIT. It was reported that the combined business was likely be included in the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on ...

with a valuation of £4 billion. The transaction received shareholder approval on 2 May 2024, allowing it to proceed to completion.

Operations

The company owns, on behalf of its lessees, a

Sainsbury's J Sainsbury plc, trading as Sainsbury's, is a British supermarket and the second-largest chain of supermarkets in the United Kingdom. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK r ...

distribution centre in

Sherburn-in-Elmet Sherburn in Elmet (pronounced ) is a town and civil parish in the district and county of North Yorkshire, England. It is to the west of Selby and south of Tadcaster. It was part of the West Riding of Yorkshire until 1974. From 1974 to 2023 i ...

, a

Tesco Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in the United Kingdom at its head offices in Welwyn Garden City, England. The company was founded by Jack Cohen (businessman), Sir Jack Cohen in ...

distribution centre near

Barlborough Barlborough is a village and civil parish in the Bolsover district of Derbyshire, England. According to the 2021 census it had a population of 2,855. The village is near junction 30 of the M1 motorway and is about north of Bolsover. Barlbo ...

and a

Marks & Spencer Marks and Spencer plc (commonly abbreviated to M&S and colloquially known as Marks & Sparks or simply Marks) is a major British multinational retailer based in London, England, that specialises in selling clothing, beauty products, home produc ...

distribution centre in

Leicestershire Leicestershire ( ) is a Ceremonial counties of England, ceremonial county in the East Midlands of England. It is bordered by Derbyshire, Nottinghamshire and Lincolnshire to the north, Rutland to the east, Northamptonshire to the south-east, Warw ...

. It also owns properties built for

Next NeXT, Inc. (later NeXT Computer, Inc. and NeXT Software, Inc.) was an American technology company headquartered in Redwood City, California that specialized in computer workstations for higher education and business markets, and later develope ...

Morrisons Wm Morrison Supermarkets Limited, trading as Morrisons, is the List of supermarket chains in the United Kingdom, fifth largest supermarket chain in the United Kingdom. As of 2021, the company had 497 supermarkets across England, Wales and Sco ...

, Wolseley,

DHL DHL (originally named after founders Dalsey, Hillblom and Lynn) is a multinational Import-Export Expert Company, founded in the United States and headquartered in Bonn, Germany. It provides courier, package delivery, and express mail service, ...

Rolls-Royce Rolls-Royce (always hyphenated) may refer to: * Rolls-Royce Limited, a British manufacturer of cars and later aero engines, founded in 1906, now defunct Automobiles * Rolls-Royce Motor Cars, the current car manufacturing company incorporated in ...

L'Oréal L'Oréal S.A. () is a French multinational personal care corporation registered in Paris

Kuehne + Nagel Kuehne + Nagel International AG (or Kühne + Nagel) is a global transport and logistics company based in Schindellegi, Switzerland. Its main owner and operator is Klaus-Michael Kühne via his ''Kühne Holding'' and ''Kühne Foundation ...

Ocado Ocado Group plc ( ) is a British business based in Hatfield, England, which licenses grocery technology. It also owns a 50% share in the UK grocery retail business Ocado.com (the other 50% is owned by UK retailer Marks & Spencer). The company ...

, Dunelm, Howdens Joinery and T.K. Maxx. The company's portfolio was valued at £4.8 billion as at 31 December 2023.

References

External links

* {{Authority control British companies established in 2013 Property companies of the United Kingdom Companies based in London Companies listed on the London Stock Exchange Companies in the FTSE 250 Index