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Tritax mulls £300m float to snap up European warehouses

UK-based property manager Tritax is considering raising up to £300m through a float of its continental European warehouses business to launch a new investment trust.

The planned IPO comes amid rapid growth in online shopping, which has spurred a booming market for logistic and distribution companies.

Tritax has benefited in recent years from retailers demanding more space to meet shorter delivery times.

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