Tritax Big Box REIT sells six assets for €378m

Tritax Big Box REIT PLC has sold six assets for £327 million (€378 million/$415 million).

“Our disposals provide further evidence of the delivery of our strategy as we continue to optimize our portfolio. We are realizing the value of assets that have delivered attractive returns in our ownership and effectively recycling capital into higher-returning development and acquisition opportunities. The overall high quality of our portfolio is reflected in our ability to continue to sell assets at or above their book value despite ongoing reduced levels of investment market activity,” said Colin Godfrey, Tritax Big Box CEO.

The disposed assets were located in Corby, Raunds, Knowsley, Skelmersdale, Worksop and Littlebrook and were occupied by companies including Eddie Stobart, Howdens, Matalan, DHL and Cerealto. The total square footage of the assets ranged from 84,000 square feet to 848,000 square feet.

The company said it planned to reinvest the proceeds into o