+44 207 493 3631
Tritax Big Box REIT plc
| Tritax Big Box REIT | |
|---|---|
| Date: | May 2024 |
| Deal size: | £924m acquisition of UK Commercial Property REIT |
| About the client: | Tritax Big Box REIT is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK – advised by Akur since 2013 |
| About the transaction: | Akur advised Tritax Big Box REIT on its all-share acquisition of UK Commercial Property REIT Limited, undertaken via a Scheme of Arrangement on a NAV-for-NAV basis, creating the fourth largest REIT in the UK, with a combined net asset value (EPRA NTA) of approximately £4.4 billion.
As a result of the acquisition, the Company is able to offer customers a broader range of logistics property sizes, locations and tenant uses from “Mega-Boxes” to smaller, strategically located, logistics assets within key urban locations, while creating value from the recycling of capital from non-logistics assets acquired via the transaction into its development pipeline of best-in-class logistics assets. |
| Lead: | Anthony Richardson |
