Clarification of Investment Process

RNS Number : 9471I

Tritax Big Box REIT plc

23 June 2017

 

23 June 2017

TRITAX BIG BOX REIT PLC

(the "Company")

CLARIFICATION OF INVESTMENT PROCESS

Tritax Management LLP (the 'Investment Manager') is the appointed Authorised Investment Fund Manager ('AIFM') of the Company for the purposes of the Alternative Investment Fund Managers Directive ('AIFMD') and as such has been delegated authority by the Company, inter alia, to conduct portfolio management and risk management services on its behalf.

The Company wishes to clarify that going forward, whilst the Board will continue to review and offer advice on prospective investments and divestments of portfolio assets and will continue to monitor compliance with the Company's investment policy, the final investment or divestment decision in each case will be made by the Investment Manager in accordance with its delegated responsibility as the Company's AIFM.

This arrangement accords with the latest European Securities and Markets Authority ('ESMA') guidance regarding the performance of delegated investment management functions under the AIFMD. 

For further information, please contact:

Tritax Group Colin Godfrey (Partner, Fund Manager) via Newgate (below) Newgate (PR Adviser) James Benjamin Zoe Pocock Lydia Thompson Tel: [phone] Email: [e-mail] Jefferies International Limited Gary Gould Stuart Klein Tel: [phone] Akur Limited Anthony Richardson Tom Frost Siobhan Sergeant Tel: [phone]

NOTES:

Tritax Big Box REIT plc is the only listed vehicle to give pure exposure to the "Big Box" logistics asset class in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and managing both standing and pre-let forward funded development assets, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq. ft. (measured by floor area, 70% of the Company's assets are in excess of 500,000 sq ft¹), let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

(1) Note this figure excludes Howdens II and III at Wrath Park, Raunds which have exchanged conditionally, subject to planning.

 

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