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Tritax Big Box REIT plc
| Tritax Big Box REIT plc | |
|---|---|
| Date: | October 2025 |
| Deal Size: | £1.04 bn acquisition of UK logistics portfolio |
| About the client: | Tritax Big Box REIT (BBOX) is the largest listed investor in high-quality logistics warehouse assets, controls the largest logistics-focused land platform in the UK and has a “power first” data centre development pipeline of over 1GW – advised by Akur since 2013 |
| About the transaction: | Akur advised Tritax Big Box REIT throughout its transaction with the UK-based arm of Blackstone Inc., the world’s largest alternative asset manager. The transaction comprised a complex acquisition of an exceptional portfolio of 41 logistics assets, weighted towards urban logistics, valued at £1.04 billion.
The assets were acquired from real estate funds advised by affiliates of Blackstone Europe LLP, with consideration comprising a combination of cash and the issue of new equity at a c.13.5% premium to BBOX’s prevailing share price. With a resultant portfolio valued at nearly £8 billion, the acquisition strengthens the Company’s competitive edge through increased asset depth across big box, urban and multi-let industrial logistics formats – further broadening its client offering and supporting a diverse range of occupier needs with greater operational flexibility. It will also deliver attractive returns for shareholders, supporting the Company’s earnings growth ambitions. |
| Lead: | Anthony Richardson |
