Last checked at 27 Jan 2022 17:20
Tritax EuroBox - Update research from QuotedData
27th January 2022
Fast-tracked
Tritax EuroBox (EBOX) is continuing on its rapid growth path, having raised €250m of fresh equity in September 2021 and secured a private placement for €200m more in December. It has already acquired four assets with the proceeds and has a further pipeline worth €300m. Once the proceeds of the September capital raise has been fully deployed, the group's assets will be worth around €1.9bn - remarkable growth from a portfolio value of just over €800m a year ago.
Furthermore, EBOX's manager expects to consistently beat its medium-term total return target of 9% per annum through asset management initiatives. These include both new lettings to capture the benefits of rising market rents and development/extension opportunities within the portfolio. The group continues to move up the investment risk curve, taking advantage of the favourable dynamics in the European logistics market and pressing ahead with new developments with its exclusive developer partners.
Reflecting its recent growth, the group was added to the FTSE 250 index in October 2021.
Full research:
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