Sale of six logistics assets for £199 million

Tritax Big Box REIT plc

03 June 2026

 

Sale of six logistics assets for £199 million

Recycling capital into higher returning development-led logistics and data centre opportunities

3 June 2026, Tritax Big Box REIT plc ("Tritax Big Box" or "the Company") announces the completion of the sale of six logistics assets to EQT Real Estate for a total cash consideration of £199 million.

The disposals, which were referenced in the Company's most recent trading update, were sold in line with their respective book values and comprised big box and urban logistics assets located at Leamington Spa, Peterborough, Didcot and Kettering. The assets generate total contracted annual rent of £12 million.

The sale forms part of Big Box's strategy to continually recycle capital into higher returning opportunities, including development-led logistics assets (target yield on cost of 6-8%) and data centre projects (potential yield on cost of 9-11%).

Frankie Whitehead, CFO for Tritax Big Box, said:

"Consistent with our ambition to self-fund our very attractive near-term opportunities, we have been one of the most proactive recyclers of capital in our sector, delivering sales of nearly £1 billion over the past three years. We are delighted to complete this £199 million sale to EQT Real Estate, the proceeds of which will support investment in higher returning development-led opportunities and further strengthen our balance sheet."

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FOR FURTHER INFORMATION, PLEASE CONTACT:

Kekst CNC Guy Bates/Tom Climie Tel: [phone] /  [phone] [e-mail]

The Company's LEI is: 213800L6X88MIYPVR714

About Tritax Big Box REIT plc:

Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK. Additionally, having adopted a "power first" approach, the Company has recently secured its first data centre development opportunities (amounting to over 250MW), and has a pipeline of c.1-gigawatt of further opportunities, offering the potential to deliver exceptional returns on an accelerated basis.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 100, FTSE EPRA/NAREIT and MSCI indices.

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

 

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