EQT Buys 6 Assets For £199M As Tritax Reshapes Portfolio

Kettering logistics assets included in Tritax Big Box’s £199m disposal

Tritax Big Box REIT has sold a portfolio of logistics assets, including schemes in Kettering, to EQT Real Estate in a £199m transaction as the company continues to recycle capital into development-led projects and data centre opportunities. The deal includes a mix of big box and urban logistics properties across Kettering, Leamington Spa, Peterborough and […]

EQT Buys 6 Assets For £199M As Tritax Reshapes Portfolio

Tritax Big Box REIT has completed the sale of six logistics assets to EQT Real Estate for £199M as the FTSE 100 landlord continues to recycle capital from stabilised assets and into higher-return logistics developments and data centre projects. The portfolio comprises big-box and urban logistics assets in Leamington Spa, Peterborough, Didcot and Kettering. They generate £12M of contracted annual rent, and the assets were sold in line with their …

Morning briefing: Morningstar says SpaceX is "significantly overvalued"; British Land hires its first female CEO; Tritax Big Box sells £199m of logistics assets; ICG Enterprise fee cut; 3i backs French supplements brand; GABI disposal

Morningstar has warned SpaceX is “significantly overvalued” and estimated its fair value at $780bn, less than half the $1.75tn-$1.8tn target in next month’s flotation. In their report, analysts Nicolas Owens and Suryansh Sharma cited regulatory and technical hurdles and also untested AI economics for their cautious assessment. Seeking to puncture some of the hype in the initial public offer that has helped push Baillie Gifford trusts Scottish Mo…

Tritax Big Box completes £199m sale of six logistics assets

Tritax Big Box REIT plc (LON:BBOX) has announced the completion of the sale of six logistics assets to EQT Real Estate for a total cash consideration of £199 million. The disposals, which were referenced in the Company’s most recent trading update, were sold in line with their respective book values and comprised big box and urban logistics assets located at Leamington Spa, Peterborough, Didcot and Kettering. The assets generate total contracted…