12th May 2023 09:12
Tritax EuroBox PLC - London-based investor in logistics property across continental Europe - Agrees a 10-year lease to a logistics company at its recently completed property in Dormagen, located in the Dusseldorf region of Germany, for an undisclosed sum. Says it is a 36,000 square metres building, which will be let in its entirety. Says the customer provides logistics solutions for multinational companies and blue-chip market leaders.
Investment Director Alina Iorgulescu says: "This letting further enhances the resilience of our portfolio and demonstrates the strength of our strategy of buying high-quality sustainable assets in prime logistics locations and securing long leases with high-calibre customers. The agreement showcases the successful delivery of an excellent property, which was let immediately above the underwritten level, reducing the risk within the portfolio, and enhancing returns."
Current stock price: 65.50 pence each, down 0.2% on Friday morning in London
12-month change: down 29%
By Xindi Wei, Alliance News reporter
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