Tritax EuroBox

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Tritax EuroBox
Company typePublic limited company
LSE: EBOX
IndustryProperty investment
Founded2018; 8 years ago (2018)
Headquarters,
Key people
Richard Orr (Chairman)
RevenueIncrease 79.9 million [1] (2023)
Decrease (238.77) million (2023)[1] (2023)
Decrease (229.79) million (2023)[1] (2023)
ParentBrookfield Asset Management
Websitewww.tritaxeurobox.co.uk

Tritax EuroBox plc is a British property investment company that invests in distribution centres across Europe. It was listed on the London Stock Exchange until it was acquired by Brookfield Asset Management in December 2024.

History

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The company is managed by Tritax, a property management business, formed in 1995.[2] It was the subject of an initial public offering raising £300 million in July 2018.[3] It raised a further £170 million in September 2021.[4]

Operations

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The company owns, on behalf of its lessees, distribution centres across Europe the most significant of which is a large facility for the Spanish retailer, Mango, in Barcelona.[5][6] The company's portfolio was valued at £1.8 billion as at 30 September 2022.[1]

In September 2022, Tritax announced that the company had appointed Phil Redding, a previous partner at Tritax, to be fund manager of the company.[7]

British property investment company Segro made a takeover offer for Tritax in September 2024, but was outbid the following month by Canada's Brookfield Asset Management for an enterprise value of £1.1 billion.[8] The transaction was approved by the court on 6 December 2024, thereby allowing the deal to be completed.[9]

See also

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References

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