Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Tritax EuroBox to tap continental demand for online shopping

Tritax EuroBox is targeting a yield of 4.75% going forward
online shopper
Online shopping needs warehouses to fulfil orders

A new trust to tap into the European shopping warehouse market is to list on London’s stock market.

Tritax Eurobox PLC will raise €300mln and be managed by Tritax, which already manages the UK-focused Tritax Big Box REIT (BBOX).

Online shopping has driven a surge in demand for out-of-town warehouses to fulfill orders.

Nick Preston, Tritax EuroBox’s manager, said: "The rise of online retailing in Europe is one of the most significant drivers of occupier demand for logistics space.

Online sales seen growing

Online retail sales across Europe are expected to rise 94% from 2016 to 2021, a dynamic which closely resembles how online retail penetration has transformed the UK logistics market in recent years, he said.

EuroBox will capitalise on Tritax's specialist knowledge, he added, with a pipeline of assets worth €1.8bn already identified and advance negotiations underway on €600mln of these.

These assets are in Germany, Italy, the Netherlands, Poland and Spain with an average size over of 105,000 sq m and an average lot size of €87mln.

Tritax EuroBox is targeting a yield of 4.75%.

View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

Cello
April 16 2018
Global pharmaceutical R&D is forecast to reach $182bn by 2022 having grown at near 4% annually since 2006
Email
February 13 2018
The shares are up 50% over the last year as the company's international expansion gains momentum
Throne of Glass
April 30 2018
Rowling, Rowling, Rowling ... keep those titles rolling. Mind you, it's not all about Ms Rowling; Sarah J Maas title revenues grew 47% in the first half of the financial year and dieters are gorging on Tom Kerridge's books

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use