The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTritax Big Box Share News (BBOX)

Share Price Information for Tritax Big Box (BBOX)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 158.30
Bid: 158.60
Ask: 158.80
Change: 2.90 (1.87%)
Spread: 0.20 (0.126%)
Open: 156.00
High: 160.30
Low: 154.70
Prev. Close: 155.40
BBOX Live PriceLast checked at -
Tritax Big Box REIT is an Investment Trust

To deliver income and capital returns to shareholders through investment in Big Box assets in the UK.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tritax Big Box Sells Three UK Assets For GBP77 Million In Total

Tue, 22nd Sep 2020 10:34

(Alliance News) - Tritax Big Box REIT PLC on Tuesday said it has sold three UK assets to two separate buyers for a total amount of GBP77 million.

The properties sold by the FTSE 250-listed real estate investment trust includes the 221,763 square feet Wolseley, Baker Business Park in Ripon which was acquired in August 2014, the 255,680 square feet DHL, Langley Mill in Nottingham which was purchased in August 2014 , as well as the 473,263 square feet Whirlpool, Warth Park in Raunds which was bought in September 2016.

The disposal of the Ripon asset is expected to complete on October 2 while the other two are expected to complete on December 1.

Tritax said the the sale of the three properties were sold at or above their current book value, adding that the combined sale prices represents a blended net initial yield of 5.6%, compared to the purchase cost of GBP65.1 million. It added that the sale delivers internal return rate above its 9% per annum target.

Following the exchange, the company will benefit from around three months of additional rental income totalling GBP800,000 due to the delayed completion on the disposal of the Langley Mill and Warth Park assets.

"We continue to see strong demand for UK logistics real estate supporting attractive prices on assets which no longer align with our strategy and where we believe they have reached their full value potential in our ownership. So far this year we have disposed of GBP134 million of assets, and we will be redeploying the proceeds into attractive opportunities, including those within our portfolio where we see the potential to secure higher returns for shareholders," said Chief Executive Colin Godfrey.

Shares in Tritax Big Box were trading 0.1% higher at 151.90 pence each on Tuesday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
24 Feb 2022 15:54

UK earnings, trading statements calendar - next 7 days

Friday 25 February 
Evraz PLCFull Year Results
IMI PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 28 February 
Associated British Foods PLCTrading Statement
BATM Advanced Communications LtdFull Year Results
Bunzl PLCFull Year Results
CentralNic Group PLCFull Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Kitwave Group PLCFull Year Results
Kosmos Energy LtdQ4 Results
Made Tech Group PLCHalf Year Results
RHI Magnesita NVFull Year Results
Tuesday 1 March 
abrdn PLCFull Year Results
Croda International PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Intertek Group PLCFull Year Results
Man Group PLCFull Year Results
PCI-PAL PLCHalf Year Results
Quartix Technologies PLCFull Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
Rotork PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Vitec Group PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 2 March 
Polymetal International PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Vistry Group PLCFull Year Results
Nichols PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Devro PLCFull Year Results
KRM22 PLCFull Year Results
Supermarket Income REIT PLCHalf Year Results
Foxtons Group PLCFull Year Results
Persimmon PLCFull Year Results
Hiscox PLCFull Year Results
musicMagpie PLCFull Year Results
Vivo Energy PLCFull Year Results
Aviva PLCFull Year Results
Thursday 3 March 
Admiral Group PLCFull Year Results
Avation PLCHalf Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Darktrace PLCHalf Year Results
Dotdigital GroupFull Year Results
Elementis PLCFull Year Results
Empiric Student Property PLCFull Year Results
Entain PLCFull Year Results
Franchise Brands PLCFull Year Results
Galliford Try Holdings PLCHalf Year Results
Hansard Global PLCHalf Year Results
Hutchmed (China) LtdFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Meggitt PLCFull Year Results
Melrose Industries PLCFull Year Results
Mondi PLCFull Year Results
PageGroup PLCFull Year Results
Rentokil Initial PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Synthomer PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
28 Jan 2022 09:59

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

Read more
27 Jan 2022 17:49

TRADING UPDATES: Petropavlovsk expects lower output; Keywords robust

TRADING UPDATES: Petropavlovsk expects lower output; Keywords robust

Read more
27 Jan 2022 07:06

Tritax Big Box accelerates development programme amid strong occupier demand

(Sharecast News) - Real estate investment trust Tritax Big Box said on Thursday that it had successfully accelerated its development programme as part of an effort to capture strong occupier demand.

Read more
14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

Read more
13 Dec 2021 09:46

LONDON BROKER RATINGS: HSBC lifts WPP to Buy, cuts Wizz Air to Reduce

LONDON BROKER RATINGS: HSBC lifts WPP to Buy, cuts Wizz Air to Reduce

Read more
6 Dec 2021 09:46

LONDON BROKER RATINGS: Barclays and UBS upgrade Crest Nicholson

LONDON BROKER RATINGS: Barclays and UBS upgrade Crest Nicholson

Read more
1 Dec 2021 09:41

LONDON BROKER RATINGS: SocGen upgrades Diageo; Barclays ups Dr Martens

LONDON BROKER RATINGS: SocGen upgrades Diageo; Barclays ups Dr Martens

Read more
10 Nov 2021 15:01

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
26 Oct 2021 12:39

Berenberg says 'buy' Segro, Tritax EBox in sector note

(Sharecast News) - Segro, Tritax EBox, Warehouse REIT and Industrials REIT will be the biggest gainers from rising demand for industrial and logistics real estate, Berenberg said as it launched coverage of the subsector.

Read more
26 Oct 2021 09:46

LONDON BROKER RATINGS: Berenberg positive on property investors

LONDON BROKER RATINGS: Berenberg positive on property investors

Read more
21 Oct 2021 16:08

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
7 Oct 2021 09:40

LONDON BROKER RATINGS: Morgan Stanley upgrades Centrica to Overweight

LONDON BROKER RATINGS: Morgan Stanley upgrades Centrica to Overweight

Read more
30 Sep 2021 10:13

Tritax raises GBP300 million in "significantly oversubscribed" placing

Tritax raises GBP300 million in "significantly oversubscribed" placing

Read more
30 Sep 2021 08:11

Tritax Big Box raises £300m to accelerate development plan

(Sharecast News) - Tritax Big Box REIT has raised around £300m in a placing, subscription and retail offer as it looks to accelerate its development plan.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.