Tritax EuroBox to acquire €550m of assets

Tritax EuroBox, the continental European logistics investment trust launched by U.K.-based logistics specialist Tritax, has plans to acquire eight well-located assets in Germany, Italy, Spain, Poland and Belgium valued at, in aggregate, approximately €550 million ($641 million).

The assets under offer have an average size in excess of 85,000 square meters (915,000 square feet). The assets comprise seven standing assets and one forward-funded development. All of the buildings are let or pre-let to high-quality tenants and are, or will be once completed, of modern specification.

In addition, the manager is pursuing discussions in relation to the potential acquisition of a further significant pipeline of investment opportunities, predominantly on an off-market basis.

The manager is progressing discussions with several potential lenders in relation to arranging debt financing to support the acquisition of the company's investment pipeline.

Tritax EuroBox pl