TRITAX BIG BOX BONANZA

摘要

Tritax partner Colin Godfrey could certainly be described as bullish about the future of newly formed Tritax Big Box REIT, which has the satisfying ticker BBOX: "We want to be a market leader that redefines REITs in the UK." This is an institution that has set its sights on not only conquering the sheds market in the UK, but setting new benchmarks for REITs. Outlining an ambitious acquisition plan, along with intentions for a further f undraising later this year, Godfrey is clearly passionate about its ambitions for "the most exciting time of my career", Tritax's REIT was established in November 2013, and by December had raised £200m to invest in its specific target market: sheds and warehouses sized from 500,000 sq ft up to lm sq ft. BBOX's first purchase was of Marks & Spencer's environmentally excellent 900,000 sq ft megashed in Castle Donnington for £82.6m, representing a yield of 5.2%, closely followed by the acquisition of a 585,000 sq ft shed for £48.75m, let to Sainsbury's with an unexpired lease term of at least 13 years, representing a yield of 6.65%. Godfrey says that another offer is currently in the pipeline, with the aim for up to five more to complete in the next four months.