| Tritax Big Box REIT | |
| Foundation: | 2013 |
| Key People: | Richard Jewson (Chairman) |
| Revenue: | £222.1 million (2023)[1] |
| Operating Income: | £126.7 million (2023) |
| Net Income: | £70.0 million (2023) |
Tritax Big Box REIT is a Real estate investment trust investing in "Big Box" distribution centres. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The company is managed by Tritax, a property management business, formed in 1995.[2] It was the subject of an initial public offering raising £200 million in November 2013.[3] It raised a further £150 million in July 2014, a further £110 million in November 2014 and a further £175 million in March 2015 as well as a £500 million lending facility.[4] Addition funds were raised through placings in February 2016 and in September 2016.[5]
In February 2024, the company announced it had reached a merger agreement with UK Commercial Property REIT.[6] [7] It was reported that the combined business was likely be included in the FTSE 100 Index with a valuation of £4 billion. The transaction received shareholder approval on 2 May 2024,[8] allowing it to proceed to completion.[9]
The company owns, on behalf of its lessees, a Sainsbury's distribution centre in Sherburn-in-Elmet,[10] a Tesco distribution centre near Barlborough[10] and a Marks & Spencer distribution centre in Leicestershire.[3] It also owns properties built for Next, Morrisons, Wolseley, DHL, Rolls-Royce, L'Oréal, Kuehne + Nagel, Ocado, Dunelm, Howdens Joinery and T.K. Maxx.[4] The company's portfolio was valued at £4.8 billion as at 31 December 2022.[1]