Tritax Big Box Developments (TBBD) has announced new phases at three of its major logistics parks with a further 2.57million sq ft development planned.
Transformational year with significant strategic progress and excellent operational performance - Record rental reversion, attractive development pipeline and compelling data centre opportunities Delivering highest total accounting return level since 2021
Highlights of Tritax Big Box's 2024 FY performance include: - Additional £22.7 million of contracted rent from active management and development lettings - Secured one of UK’s largest 2024 pre-lets - 1 million sq ft to a global leader in e-commerce - £306.2 million of disposals above book value, including £181.2 million of non-strategic assets
Tritax Big Box Developments (TBBD) has made a further submission to assist the Secretary of State in making a decision on a Development Consent Order (DCO) application for Hinckley National Rail Freight Interchange (HNRFI), a major strategic rail freight interchange project in Hinckley, Leicestershire. The project, when complete, is projected to generate between £329million and £406million per year in Gross Value Added (GVA) to the UK economy.
The eighth annual Future Space report was conducted in the final quarter of 2024 by supply chain market analysts Analytiqa on behalf of Tritax Big Box plc, owners of the UK’s largest logistics investment and land development portfolio, and international real estate advisors Savills. It canvases the views of 330 occupiers, institutional investors and developers on the key trends and factors affecting the future of industrial and logistics space over the next 12-24 months and beyond.
Tritax Big Box REIT plc has purchased a 74-acre site at Heathrow, London within the Slough Availability Zone, a key FLAP-D prime EMEA data centre location (the “Manor Farm site”). Simultaneously, the Company has acquired a 50% share in a joint venture (“the JV”) with a leading European renewable and low carbon energy power generator (“the JV Partner”). The JV enables accelerated power delivery to the Manor Farm site using pre-existing grid connection agreements.
A surprisingly convincing US election result and a tax-raising UK budget, described by the Chancellor herself as a ‘one-off reset’, ensured a lively news flow in the final months of 2024. Events like these command attention, but as they settle, a return to an analysis of the fundamentals (of market dynamics, asset quality, income growth and pricing) tells a more complete story.
Tritax Big Box Developments has completed the last phase of its 721,000 sq ft industrial and logistics scheme in Doncaster, with the land sale of the final 1.2-acre plot to St Paul’s Street (Investments).
Tritax Big Box REIT PLC (“the Company” or “Tritax Big Box”), a specialist investor in UK logistics real assets, has delivered another strong performance in the GRESB and EPRA sBPR annual ratings.
Tom took the decision to embark on this challenge to help raise money for Mind after he tragically lost his girlfriend, Hatty, in a car crash in 2020. His grief was further exacerbated by the Covid lockdowns and he turned to Mind for support.
Attractive earnings growth – extensive opportunities – strengthening market
Silver Patron partnership will support 1,200 young people aged 11-16 in some of the most disadvantaged areas of the UK over the next five years through education - Newest partnership within the recently launched Tritax Social Impact Foundation - Part of Tritax Big Box’s wider £2 million programme to support the future workforce to reach its full potential
Tritax Big Box REIT plc announces that the Scheme of Arrangement (the “Scheme”) in respect of the all share combination of BBOX and UK Commercial Property REIT Limited (“UKCM”) became effective on 16 May 2024 (the “Effective Date”) and that admission of 576,939,134 New BBOX Shares is expected today at 8.00 a.m. (“Admission”).
Tritax Management LLP has launched the Tritax Social Impact Foundation, as part of its commitment to increasing positive socio-economic impact in its communities.
Positive outlook supported by record portfolio reversion, significant development pipeline and resilient occupational demand.
Tritax Big Box REIT plc has been recognised as one of the best performing companies in Sustainalytics’ 2024 top-rated ESG companies list for the second year running.
A decade ago, very few had heard of the term “supply chain”. A UK-only, pure-play logistics real estate company was new to the public markets and, despite encountering some scepticism on our mission to raise capital, we persuaded investors to join us on what would be a fascinating journey – that was to benefit from structural change.
Tritax Big Box REIT plc has been awarded a GRESB score of 85/100 for the Company’s standing portfolio (2022: 83/100) and maintained its overall four out of five Green Star Rating for the third year. The Company has also retained its EPRA BPR Gold Level Certification for the third year, which rewards companies' ESG disclosures.
Strong operational performance, robust balance sheet and significant opportunities
Tritax Big Box REIT plc announces it has successfully exchanged contracts for the sale of an investment asset let to Howdens in Raunds for a net consideration of £84.3 million, in line with its December 2022 and June 2023 valuations, and reflecting a net initial yield of 4.0%. The purchaser is a leading UK institutional investor in real estate.
Tritax Big Box has renewed its partnership with national children’s literacy charity, Schoolreaders. The charity, founded in 2013, matches volunteers with local primary schools to provide free, one-to-one reading support sessions, with a focus on reaching the most disadvantaged children.
We have completed the development of a new, highly sustainable 161,900 sq. ft. logistics facility for Yodel at Symmetry Park Merseyside….
