Tritax Big Box completes 1m sq ft Amazon‑let Kettering site

(Sharecast News) - Tritax Big Box REIT said it had reached practical completion of a 1m sq ft logistics facility at Symmetry Park, Kettering, with the pre‑let to Amazon now commencing. The company said the asset was let on a 20‑year lease, featuring five‑yearly index‑linked rent reviews to provide long‑term inflation‑linked income.

Tritax added that the scheme delivers a yield on cost at the top end of its 6-8% guidance, ahead of initial expectations, and secures £9.8m of annual rental income.

Reporting by Frank Prenesti for Sharecast.com