20th February 2019

Tritax Big Box REIT acquires £370m db symmetry

We are pleased to announce Tritax Big Box REIT plc, the UK’s leading Investment company focused on big box logistics real estate, has acquired an 87% stake in db symmetry. The existing management team have retained a 13% shareholding.

This deal brings together the UK’s largest portfolio of prime big box logistics assets and an unmatched portfolio of land and development opportunities, providing Tritax phased access to over 3,100 acres, capable of accommodating over 9.2 million sq ft of B8 logistics space, with planning consent being sought for a further 36.6 million sq ft.

Tritax said it believed that as a result of the scarcity of consented land at major logistics locations in the UK, the acquisition will provide a significant commercial and competitive advantage for the REIT.

Speaking about the transaction, Richard Bowen, Managing Director at db symmetry: “This deal sees the coming together of two very like-minded organisations. Our combined scale, sector-leading expertise and entrepreneurial approach will ensure that we will continue to provide our customers with the ultimate in flexible logistics property solutions. We look forward to seeing what the future holds.”

Other News