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Tritax Big Box REIT acquires distribution facility

09 June 2017 09:10

Tritax Big Box REIT has acquired a distribution facility at Birch Coppice Business Park, Dordon, Birmingham, operated by Ocado.

The facility serves both Ocado's and Wm Morrison Supermarkets' online retail businesses.

The total consideration is £92.33m (excluding purchaser's costs), reflecting a net initial yield of 5.25% on the asset acquisition.

Tritax Big Box REIT said the purchase was being funded from equity, and Morrisons would act as guarantor.

At 9:10am: (LON:BBOX) Tritax Big Box Reit Plc share price was -1.35p at 145.05p

Story provided by StockMarketWire.com

Related Company: BBOX

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