Tritax EuroBox
 | |
| Company type | Public limited company |
|---|---|
| Industry | Property investment |
| Founded | 2018 |
| Headquarters | , |
Key people | Richard Orr (Chairman) |
| Revenue |  €79.9 million [1] (2023) |
 €(238.77) million (2023)[1] (2023) | |
| €(229.79) million (2023)[1] (2023) | |
| Website | www |
Tritax EuroBox plc is a British property investment company that invests in distribution centres across Europe. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
[edit]The company is managed by Tritax, a property management business, formed in 1995.[2] It was the subject of an initial public offering raising £300 million in July 2018.[3] It raised a further £170 million in September 2021.[4]
Operations
[edit]The company owns, on behalf of its lessees, distribution centres across Europe the most significant of which is a large facility for the Spanish retailer, Mango, in Barcelona.[5][6] The company's portfolio was valued at £1.8 billion as at 30 September 2022.[1]
In September 2022, Tritax announced that the company had appointed Phil Redding, a previous partner at Tritax, to be fund manager of the company.[7]
British property investment company Segro made a takeover offer for Tritax in September 2024 but was outbid the following month by Canada's Brookfield Asset Management for an enterprise value of £1.1 billion.[8]
See also
[edit]References
[edit]- ^ a b c d "Annual Results 2023" (PDF). Tritax Eurobox. Retrieved 13 February 2024.
- ^ "Jefferies thinks inside the box" (PDF). The Banker. 1 July 2017. Retrieved 28 September 2021.
- ^ "Tritax Eurobox to raise £170m in placing to fund acquisition". Sharecast. 10 September 2021. Retrieved 28 September 2021.
- ^ "Newly listed Tritax EuroBox buys €150m Spanish distribution centre". Real Assets IPE. 26 September 2018. Retrieved 28 September 2021.
- ^ "Tritax to Add 1m Sq Ft to Mango Distribution Centre in Barcelona". Costar. 15 June 2021. Retrieved 28 September 2021.
- ^ "Tritax EuroBox appoints new fund manager". QuotedData. 2022-09-21. Retrieved 2023-05-09.
- ^ A, Shanima; Wilkes, Tommy Reggiori (10 October 2024). "Brookfield to buy Tritax EuroBox for $1.44 bln, sparking potential takeover battle". Reuters. Retrieved 12 October 2024.
