EQT Buys 6 Assets For £199M As Tritax Reshapes Portfolio
Tritax Big Box REIT has completed the sale of six logistics assets to EQT Real Estate for £199M as the FTSE 100 landlord continues to recycle capital from stabilised assets and into higher-return logistics developments and data centre projects.
The portfolio comprises big-box and urban logistics assets in Leamington Spa, Peterborough, Didcot and Kettering.
They generate £12M of contracted annual rent, and the assets were sold in line with their book values, “underscoring continued investor appetite for UK logistics real estate despite a more selective investment market,” Tritax said in a regulatory statement.
The transaction marks a significant acquisition for EQT Real Estate, which…
