DBS HoldCo, a wholly owned subsidiary of Tritax Big Box REIT, has conditionally agreed to acquire an 87 percent interest in db Symmetry, which owns one of the United Kingdom’s largest strategic land portfolios for the development of big-box real estate assets and related logistics facilities.
The deal has an enterprise value of £370 million ($486 million), subject to adjustments for cash, debt, working capital, tax, and other liabilities.
The portfolio of new assets includes both consented and strategic land, offering Tritax Big Box REIT phased access to a total new land portfolio of more than 2,500 acres, which the firm believes will be capable of delivering approximately 3.55 million square meters (38.2 million square feet) of big-box assets across key logistics locations in the United Kingdom (subject to planning, as necessary), complementing the company's existing portfolio of 2.77 million square meters (29.8 million square feet).
Under current plans, th
