Tritax Big Box REIT plc

Tritax Big Box REIT plc
Date: October 2016
Deal Size: £350m equity fundraising on the London Stock Exchange
About the client: Tritax Big Box is a leader in UK Big Box real estate investment and is the first listed entity to give pure exposure to the Big Box asset class in the UK – advised by Akur since 2012
About the transaction: Significantly over-subscribed, the fundraise was increased from a target of £150m to the hard cap of £350m, even at this level there was significant further demand. For the first time in the Company’s history BBOX exchanged contracts ahead of the completion of the fundraise, in this case to acquire £172m of assets – comprising three Big Box assets, let to the Co-operative Group, Whirlpool and Euro Car Parts – the vendor was a gated open-ended property fund needing liquidity. Comprising a Placing, an Open Offer, and Offer for Subscription, this substantial transaction further supports BBOX’s place as the UK’s listed “ logistics giant* ”.

BBOX focuses on large scale logistics assets let to blue chip clients, providing scale and automation to major on-line retailers.

*Property Week, 14 October 2016

Lead: Anthony Richardson
Tritax Big Box REIT plc


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Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: