Tritax Big Box - sells six UK logistics assets for £199 million

Edited by ad hoc news Chart & Technicals Desk. Verified prior to publication on 06/18/2026, 22:31 CET. Details in the imprint.

Tritax Big Box (GB0008847096) has completed the sale of six UK logistics assets for £199 million to EQT Real Estate. The transaction, announced in an investor update dated 06/18/2026, is part of the REIT's capital recycling strategy and was carried out broadly in line with book value.

Details of the £199 million sale

According to the Regulatory News Service announcement, Tritax Big Box sold six logistics properties generating £12 million in annual contracted rent. The assets were disposed of around book value, suggesting limited immediate valuation impact on the balance sheet.

The buyer is EQT Real Estate, which acquires the assets as part of its own logistics platform expansion. For Tritax Big Box, the move frees capital to deploy into higher-yielding development-led opportunities rather than mature, fully let assets.

Strategic shift toward development returns

Tritax Big Box outlined that recycled capital will be directed into UK logistics developments and data center projects, with targeted yields on cost of about 6-8% for logistics and 9-11% for data centers. This compares with typically lower running yields from stabilized, long-leased logistics boxes.

The company noted that nearly £1 billion has now been recycled over the past three years, underscoring a consistent pivot from pure income assets toward value-add development and asset management. Management argues this strategy should support earnings growth and net asset value progression over time.

How the business model underpins the stock

Tritax Big Box focuses on very large UK logistics warehouses, often over 500,000 square feet, leased to institutional-grade tenants on long leases, typically 12 years or longer. The REIT combines ownership of built investments with land for future developments and pre-let, forward-funded schemes.

The portfolio is diversified by tenant and region across the UK, with customers from e-commerce, retail and third-party logistics. As a real estate investment trust, Tritax distributes a substantial share of its rental income to shareholders in the form of dividends, subject to UK REIT rules.

Where the stock trades today

The shares of Tritax Big Box (GB0008847096) trade on the London Stock Exchange at 153.60 pence as of 06/18/2026, 21:30 BST, based on recent market data.

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