Tritax Big Box REIT has sold three logistics assets to two separate purchasers for a total consideration of €84 million ($98 million).
The properties include:
Wolseley, Baker Business Park in Ripon, comprising 221,763 square feet
DHL, Langley Mill in Nottingham, comprising 255,680 square feet
Whirlpool, Warth Park in Raunds, comprising 473,263 square feet
Colin Godfrey, CEO, fund management, commented, “Ongoing portfolio evaluation is an intrinsic part of our strategy to deliver value to our shareholders. We continue to see strong demand for U.K. logistics real estate supporting attractive prices on assets, which no longer align with our strategy and where we believe they have reached their full value potential in our ownership. So far this year we have disposed of €146m [$171 million] of assets, and we will be redeploying the proceeds into attractive opportunities, including those within our portfolio where we see t
