29th Oct 2025 10:52
Tritax Big Box REIT PLC - real estate investment trust focused on 'big box' logistics properties - The company notes that Moody's Ratings has upgraded its credit rating to A3 with a stable outlook from Baa1 with a positive outlook. The upgrade follows Tritax Big Box's GBP1.04 billion acquisition of a UK logistics property portfolio from Blackstone Europe LLP, part of Blackstone Inc. As part of the cash and shares deal, the New York-based private equity investment manager took an 8.6% stake in BBOX. "The upgrade reflects the company's growing scale, increased portfolio diversification and continued focus on resilient, high-quality logistics assets," BBOX says about the Moody's upgrade. Read More