LONDON: Brookfield Global Asset Management has reached agreement to acquire Tritax EuroBox plc in a £557 million deal. Titanium Ruth Bidco Limited, a newly formed company indirectly owned by one of Brookfield’s real estate private funds, has reached an agreement with Tritax EuroBox plc for a recommended cash acquisition of the entire issued and to…
All posts tagged Tritax EuroBox
SEGRO offers to acquire Tritax EuroBox for £552 million
LONDON: The boards of Tritax EuroBox and SEGRO plc have reached an agreement on the terms of a recommended all-share offer by SEGRO for the entire issued and to be issued share capital of Tritax EuroBox. Under the terms of the scheme, Tritax EuroBox shareholders will receive 0.0765 new SEGRO shares for each Tritax EuroBox share they hold. Additionally,…
Tritax EuroBox signs lease agreements and solar power deal in Belgium
LONDON: Tritax EuroBox plc, a prominent investor in Continental European logistics real estate assets, has announced a significant advancement in its portfolio management. The company has successfully negotiated a lease re-gear and a new lease agreement, coupled with a solar PV Power Purchase Agreement (PPA), at the Logistics Park Bornem in Belgium. This strategic move…
Tritax Eurobox sells warehouse asset in Gothenburg for SEK 385 million
LONDON: Tritax EuroBox plc has exchanged contracts for the disposal of its warehouse asset in Gothenburg, Sweden for a price of SEK 385 million to a leading pan-European real estate investment manager. The sale price is broadly in line with the valuation as at 30 September 2023 and supports the Company’s planned disposal programme primarily…
Tritax EuroBox sells German logistics asset for €64.6m
LONDON, UK: Tritax EuroBox plc, a UK-based real estate investment trust that focuses on continental European logistics properties, has announced the sale of its warehouse asset in Hammersbach, Germany, for €64.6 million to a leading pan-European real estate investment manager. The sale price is in line with the valuation as at 31 March 2023. The…
Tritax EuroBox buys €49.65 million logistics asset in Italy
LONDON, UK: Tritax EuroBox, which invests in high-quality, prime logistics real estate strategically located across continental Europe, announced the acquisition of a €49.65 million asset in Piacenza, Northern Italy, part of a major logistics hub. The property comprises a modern logistics warehouse arranged as two units (DC4 and DC5) constructed in 2016 and 2020 with…
Tritax Eurobox plans forward funding acquisition in Italy
LONDON, UK: Tritax EuroBox plc announced that conditional contracts have been entered into to acquire land and provide forward funding for the development of a new highly specified and sustainable logistics warehouse facility in Settimo Torinese near Turin, Northern Italy for a total consideration of €24.39 million. The property will be developed by LCP IT…
Tritax EuroBox announces EUR 500 million debut green bond issuance
LONDON, UK: Tritax EuroBox plc announced the pricing of €500 million of senior unsecured green bonds maturing on 2 June 2026. The 2026 Notes were significantly oversubscribed, having generated substantial institutional demand following a series of fixed income investor meetings. The 2026 Notes will have a tenor of five years and an annual coupon of…
Fitch assigns investment grade rating to Tritax EuroBox
LONDON: Tritax EuroBox plc announced that Fitch Ratings Limited (Fitch) has assigned a BBB- long-term corporate credit rating to the Company, EuroBox’s first Investment Grade credit rating. Tritax EuroBox invests in a high-quality portfolio of very large, prime logistics real estate assets strategically located across continental Europe. As a result, the ratings condition in the…
Tritax EuroBox acquires logistics real estate in Central Poland for €51.8 million
LONDON: The Board of Tritax EuroBox, which invests in Continental European logistics real estate assets, has acquired two recently developed prime logistics properties and development land, positioned in the core logistics location of Strykow, near Lodz in Central Poland for €51.8 million (Phase I) with the potential to invest a further €15.0 million developing the…
Tritax EuroBox acquires two new big box logistics assets in Germany for €60.3 million
FRANKFURT: Tritax EuroBox plc, which invests in Continental European logistics real estate, has acquired two prime, modern logistics facilities in the GVZ Freight Village of Bremen in Germany for a total consideration of €60.3 million, reflecting a net initial yield of 4.8%. Purpose-built in 2013 and 2019 respectively, these two high specification facilities have a…