Tritax EuroBox plc is a British

property investment Real estate investing involves purchasing, owning, managing, renting, or selling real estate to generate profit or long-term wealth. A real estate investor or entrepreneur may participate actively or passively in real estate transactions. The pr ...

company that invests in

distribution centre A distribution center for a set of products is a warehouse or other specialized building, often with refrigeration or air conditioning, which is stocked with products (goods) to be redistributed to retailers, to wholesalers, or directly to con ...

s across Europe. It was 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 ...

until it was acquired by

Brookfield Asset Management Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation. At its inception, the company was headquarter ...

in December 2024.

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 £300 million in July 2018. It raised a further £170 million in September 2021.

Operations

The company owns, on behalf of its lessees, distribution centres across Europe the most significant of which is a large facility for the Spanish retailer,

Mango A mango is an edible stone fruit produced by the tropical tree '' Mangifera indica''. It originated from the region between northwestern Myanmar, Bangladesh, and northeastern India. ''M. indica'' has been cultivated in South and Southeast As ...

, in

Barcelona Barcelona ( ; ; ) is a city on the northeastern coast of Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second-most populous municipality of Spain. With a population of 1.6 million within c ...

. The company's portfolio was valued at £1.8 billion as at 30 September 2022. In September 2022, Tritax announced that the company had appointed Phil Redding, a previous partner at Tritax, to be fund manager of the company. British property investment company

Segro SEGRO plc (formerly known as Slough Estates Group) is a British property investment and development company based in London, England. It develops and invests in property located in the United Kingdom and Continental Europe focusing on edge of to ...

made a takeover offer for Tritax in September 2024, but was outbid the following month by Canada's

for an enterprise value of £1.1 billion. The transaction was approved by the court on 6 December 2024, thereby allowing the deal to be completed.

References

External links

* {{Real estate in the United Kingdom British companies established in 2018 Property companies of the United Kingdom Companies based in London Companies formerly listed on the London Stock Exchange 2018 initial public offerings 2024 mergers and acquisitions

History

Operations

See also

References

External links