en.Wedoany.com Reported - Tritax Big Box REIT has announced the sale of a portfolio of logistics assets to EQT Real Estate for £199 million, with the transaction price in line with the respective book values of the assets. The sold assets include large warehouses and urban logistics properties located in Leamington Spa, Peterborough, Didcot, and Kettering.

This sale is part of Big Box's ongoing capital recycling strategy, aimed at reallocating capital into higher-return opportunities, including development-led logistics assets and data center projects. Frankie Whitehead, Chief Financial Officer of Tritax Big Box, stated that the company has completed nearly £1 billion in sales over the past three years, making it one of the most active capital recyclers in the industry. He expressed satisfaction with the completion of this transaction, noting that the proceeds will be used to invest in higher-return development-led opportunities and further strengthen the balance sheet. The total contracted annual rent generated by these assets amounts to £12 million.

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