Planning permission received for the development of a new regional distribution centre at Symmetry Park, Biggleswade, pre-let to the Co-op Food GroupRead more
12 September 2017
The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce the appointment of Aubrey Adams as a Non-Executive Director and member of the Audit Committee with immediate effect. Aubrey will succeed Richard Jewson as member of the Audit Committee.
Aubrey has almost 40 years’ experience at board level in the real estate industry. He is currently Group Chair of L&Q, the leading housing association, and a non-executive director of British Land PLC, having spent a large part of his executive career as Chief Executive of Savills Plc from 1991-2008.
Aubrey’s previous non-executive roles have included Senior Independent Director of Associated British Ports PLC, Chairman of Air Partner plc and Max Property Group plc. He is also Chair of the Board of Trustees of Wigmore Hall and was awarded an OBE in the Queen’s Birthday Honours lists 2017 for services to the Arts.
Richard Jewson, Chairman of Tritax Big Box REIT plc, said:
“I am delighted to welcome Aubrey to the Board as a Non-Executive Director. His significant experience and knowledge of the real estate industry will greatly benefit the Company and we are very much looking forward to working with him.”
In accordance with the Listing Rules, there is no further information required to be disclosed pursuant to LR9.6.13R.
For further information, please contact:
Tritax Big Box
Colin Godfrey (Partner, Fund Manager)
via Newgate (below)
Newgate (PR Adviser)
Tel: 020 7680 6550
1 Note: As a 30 June, This figure excludes Howdens II and III at Wrath Park, Raunds which have exchanged conditionally, subject to planning.
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 actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern “Big Box” logistics assets, typically greater than 500,000 sq. ft. (measured by floor area, c.68% of the Company’s existing assets including forward funded developments 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