(Sharecast News) - Real estate investment trust Tritax Big Box said on Monday that its unaudited total portfolio value grew to £3.94bn from £3.85bn in the six months to 31 December 2019.
Tritax said the market for very large Big Box logistics assets continued to display strong fundamentals for 2020 and the longer-term and added that structural tailwinds were supportive as occupiers upscale the size of their logistics assets.
The FTSE 250-listed group noted the potential for further sectoral yield compression after "a largely static 2019", due to Brexit-related uncertainty and the UK General Election in December.
"Investment volumes have the potential to increase, driven by activity from overseas investors and institutions continuing to re-weight their portfolios," said Tritax chief executive Colin Godfrey.
Tritax also said occupier take-up looked "promising" for 2020 although speculative supply had "slightly decreased" from 2018.
As of 0825 GMT, Tritax shares were up 0.57% at 140.50p.
Tritax Big Box (BBOX)31 May 2024 16:09