14th Jun 2018 09:15
LONDON (Alliance News) - Tritax Eurobox PLC said on Thursday it intends to list on the Main Market of the London Stock Exchange, raising EUR340 million through a placing, subscription and intermediaries offer.
Tritax Eurobox will be focused on investing in the Continental European logistics market, and will seek to build a diversified portfolio of European logistics assets focused on major population centres and logistics terminals.
The trust is expected to list on July 9.
Already Tritax Management has identified a pipeline of large scale logistics assets worth a total of EUR1.8 billion, and has entered advanced negotiations for the acquisition of seven assets within the pipeline for EUR600 million.
The trust is managed by Tritax Management LLP, which also is the investment manager of FTSE 250-listed Tritax Big Box REIT PLC. Logistics Capital Partners and Dietz Asset Management GmbH will act as asset managers to Tritax Eurobox.
Jefferies International Ltd and Kempen & Co NV have been appointed as joint financial advisers, bookrunners and global coordinators, while Scott Harris UK Ltd is acting as the intermediaries offer adviser.
"We believe a significant investment opportunity now exists in the Continental European logistics real estate market and the Tritax team has identified a strong pipeline of high quality, large scale logistics assets let to institutional grade tenants. We aim to draw on the Tritax team's sector specialist expertise to achieve our objective of delivering an attractive capital return and secure income to shareholders," said Chairman Robert Orr.
Related Shares:
Tritax Big Box