Tritax Big Box adds to rent roll
The team at Tritax Big Box REIT has seen an “uptick” in activity over the second half of last year, including a boost to its leasing list.
In its 2024 trading update, the company said it had added £22.7m of contracted rent from active management and development lettings, including a bumper 1m sq ft prelet to an e-commerce occupier.
It also sealed £306.2m of disposals above book value, including £181.2m of non-strategic assets from its takeover of UK Commercial Property REIT.
The team at Tritax Big Box REIT has seen an “uptick” in activity over the second half of last year, including a boost to its leasing list.
In its 2024 trading update, the company said it had added £22.7m of contracted rent from active management and development lettings, including a bumper 1m sq ft prelet to an e-commerce occupier.
It also sealed £306.2m of disposals above book value, including £181.2m of non-strategic assets from its takeover of UK Commercial Property REIT.
Chief executive Colin Godfrey said: “We are delivering and enhancing performance across all aspects of our business as we make excellent progress implementing our strategy… Strong development activity complements the active management of our portfolio, including the successful integration of UKCM assets.”
He added: “We enter 2025 with growing confidence, driven by improving occupational market conditions, our expanded range of growth drivers – which now include highly accretive data centre developments – and enabled by ongoing investment in our high-calibre team, dedicated to achieving continued success for Tritax Big Box.”
