Tritax Big Box REIT plc Investor and analyst asset tours and presentation (5423N)
25 Septiembre 2019 - 1:01AM
UK Regulatory
TIDMBBOX
RNS Number : 5423N
Tritax Big Box REIT plc
25 September 2019
25 September 2019
TRITAX BIG BOX REIT PLC
(the "Company")
INVESTOR AND ANALYST ASSET TOURS AND PRESENTATION
Tritax Big Box REIT plc (ticker: BBOX) is today holding asset
tours for investors and analysts on two assets in Oxfordshire
developed by its dedicated logistics developer, Tritax
Symmetry.
The events are to provide greater understanding of the Tritax
Symmetry operations, including:
-- the diverse development land portfolio;
-- the specialist management team;
-- the business strategy and approach; and
-- the benefits to the Company of controlling one of the UK's
largest and most geographically diverse land portfolios for the
development of large-scale logistics real estate assets.
The events will include an overview of the planning and
development process, case studies of recent development projects
and an update of work in progress, including:
-- completing the construction of c.2.4 million sq ft since February 2019;
-- progressing c.4 million sq ft of planning applications which
have been submitted to Local Planning Authorities. This is in
addition to the 2.3 million sq ft planning consent achieved at
Kettering in April 2019;
-- anticipated submission of a further 1.7 million sq ft of new
planning applications in the near term;
-- c.44% of the Company's c.560,000 sq ft speculative
development portfolio is now let or in solicitors' hands; and
-- good levels of occupational interest with active discussions
ongoing with prospective occupiers for pre-lets on over c.2.5
million sq ft of space.
During the tours, there will be a presentation from senior
members of the team from Tritax Symmetry and a copy of the
presentation will be made available on the Company's website from
9.30am today:
https://tritaxbigbox.co.uk/investors/shareholder-information/#presentations
No new unpublished material information will be provided during
the asset tours or the presentation.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group via Maitland below
Colin Godfrey (Partner, Fund
Manager)
Maitland (Communications Adviser) Tel: 020 7379 5151
James Benjamin tritax-maitland@maitland.co.uk
Jefferies International Limited Tel: 020 7029 8000
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
The Company's LEI is: 213800L6X88MIYPVR714
NOTES:
Tritax Big Box REIT plc is the only listed vehicle dedicated to
investing in very large logistics warehouse assets ("Big Boxes") in
the UK and is committed to delivering attractive and sustainable
returns for shareholders. Investing in and actively managing
existing built investments, land suitable for Big Box development
and developments predominantly delivered through a pre-let forward
funded basis, the Company focuses on large, well-located, modern
Big Box logistics assets, let to institutional-grade tenants on
long-term leases (typically at least 12 years in length) with
upward-only rent reviews and geographic and tenant diversification
throughout the UK. The Company seeks to exploit the significant
opportunity in this sub-sector of the UK logistics market owing to
strong tenant demand and limited supply of Big Boxes.
The Company is a real estate investment trust to which Part 12
of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on
the premium segment of the Official List of the UK Financial
Conduct Authority and is a constituent of the FTSE 250, FTSE
EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at
www.tritaxbigbox.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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