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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.
Ocado 
Tritax Big Box Shares in this article
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