Tritax EuroBox’s objective is to build a well located portfolio of continental European logistics assets, that are expected to deliver an attractive capital return and secure income to shareholders.
The portfolio of distribution or logistics assets is expected to be diversified by geography and tenant. The manager is targeting well located assets in established distribution hubs, within or close to densely populated areas. The focus will be on investments in properties fulfilling a key part of the logistics and distribution supply chain for occupiers including retailers, manufacturers and third-party logistics operators. The majority of the portfolio is expected to be invested in large, modern distribution and logistics assets.
A proportion of the portfolio may offer exposure to urban distribution hubs, which help occupiers fulfil the “final mile” part of the distribution chain. The company will seek to invest in locations with limited supply of distribution or logistics assets that are likely to benefit from structural changes in occupational demand and/or assets benefitting from long term index-linked leases.
The company targets and seeks to maintain a weighted average unexpired lease term of greater than five years across the portfolio in accordance with typical lease lengths prevalent in continental Europe.
EBOX is the ticker for the shared priced in sterling, BOXE is the ticker for the shared priced in euros.
We have written a note that explains how he company works – Boxing clever – published in November 2020
you can access the company’s website here