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Tritax Big Box Secures Financing For New Ocado Distribution Warehouse
LONDON (Alliance News) - Tritax Big Box REIT PLC on Tuesday said it has secured the financing to back a new distribution warehouse it is building and which has been pre-let to FTSE 250-listed online grocery company Ocado Group PLC.
Tritax said it has secured GBP50.9 million in senior debt financing from Landesbank Hessen-Thüringen Girozentrale, known as Helaba, to back the development.
Tritax signed a deal to forward-fund the distribution warehouse, which will be located inside the M25 Motorway at Crossdox in Erith. Practical completion of the building has been targeted for summer 2016.
Shares in Tritax were up 0.3% to 113.08 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Latest BBOX News
- LONDON MARKET CLOSE: FTSE 100 rises but profit warning rocks WH Smith
1 day ago - Tritax Big Box wins approval for Heathrow data centre project
1 day ago - Decision on Tritax Big Box Heathrow data centre delayed by one month
1 day ago - LONDON BRIEFING: WH Smith cuts profit guide, Workspace swings to loss
1 day ago - Tritax still expects favourable decision on data center despite new delay
1 day ago - UK dividends calendar - next 7 days
5 Jun 2026 - WINNERS & LOSERS: Howden's acquisition; B&M signals recovery on track
3 Jun 2026 - Tritax Big Box REIT seals GBP199 million logistics assets sale to EQT
3 Jun 2026
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