Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Big Box REIT LSE:BBOX London Ordinary Share GB00BG49KP99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60p -0.40% 148.40p 148.30p 148.40p 149.10p 148.10p 149.00p 2,467,893 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 74.7 91.9 10.5 14.1 2,023.58

Tritax Big Box Share Discussion Threads

Showing 751 to 775 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
18/1/2018
07:50
Acquisition ACQUISITION OF THE AO WORLD PLC NATIONAL DISTRIBUTION CENTRE AT WESTON ROAD, CREWE, CHESHIRE FOR £36.10 MILLION The Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that it has acquired a National Distribution Centre at Weston Road, Crewe, Cheshire. The property is let to Expert Logistics Ltd ("Expert Logistics"), a wholly owned subsidiary of AO World Plc ("ao.com"), a leading European online electrical retailer listed on the London Stock Exchange, which will act as guarantor. The total consideration is £36.10 million. Built in 2006, this modern, high specification cross docked facility is located diagonally opposite the tenant's other distribution facility and together form ao.com's UK National Distribution hub. The versatile property, which has benefited from significant capital investment by the tenant, has a total gross internal area of 387,541 sq ft., an eaves height of 12.5 metres, an extensive yard area and parking, with a site cover of 49%. The facility is strategically positioned in a core national distribution location, with excellent access to the M6 and M1 via the A50 dual carriageway, with good connectivity to Manchester and Liverpool airports and the Port of Liverpool. The immediate location has attracted major logistics occupiers including Bargain Booze, Bentley Motors Limited and Rymans. The property is being acquired with an unexpired lease term of approximately nine years, which is subject to five yearly upward only open market rent reviews. The next rent review is due in April 2021. DTRE represented the Company on the acquisition. Colin Godfrey, Partner of Tritax, commented: "This dedicated e-commerce facility, which plays an integral role in ao.com's national distribution network, further diversifies our portfolio by tenant and geography. Against the backdrop of strong tenant demand and the limited supply of modern Big Box National Distribution assets, this investment offers the potential for attractive rental growth in 2021."
skinny
15/1/2018
09:28
Quality sheds should be 6-8% but if you want to fund in an off market deal for 30 year leases probably about right. No mention of break clauses. These things are hard to find.
johnrxx99
15/1/2018
08:32
Underwhelming acquisition on yield of 5.0%
tyranosaurus
15/1/2018
07:05
Completes Contracts on Forward Fund Investments COMPLETES CONTRACTS ON THE FORWARD FUNDED INVESTMENT IN TWO NEW DISTRIBUTION FACILITIES AT WARTH PARK, RAUNDS, NORTHAMPTONSHIRE PRE-LET TO HOWDEN JOINERY GROUP PLC The Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that the Company has completed contracts for the site acquisition and forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The properties are pre-let in their entirety under two separate 30 year leases to Howdens Joinery Group Plc ("Howdens"), the parent group of the leading supplier of kitchens in the UK. Contracts were originally exchanged, conditional on planning consent, in December 2016. Completion was delayed due to a prolonged challenge to the planning consent which has now been cleared. The agreed investment price has been amended to £103.7 million, to reflect a longer construction period due to the delayed planning consent and revised construction programme. The purchase price represents a net initial yield of 5.0% (net of land acquisition costs) upon completion of the leases. Warth Park, at Raunds, Northamptonshire is strategically located on the A45 corridor close to J13 of the A14, which provides access to the ports of Felixstowe and Harwich and also directly links to the A1(M) dual carriageway and the M1 motorway. The two distribution facilities, which will stand adjacent to one another and to the Company's existing Howdens facility, are under separate freehold titles and will be completed to a high specification with target gross internal floor areas of 657,000 sq ft and 300,000 sq ft., respectively. Both buildings will have an eaves height of 15 metres and a combined site cover of approximately 53%. Completion of the construction of the two facilities is due to take approximately 21 months with completion of the two new leases expected by winter 2019. Colin Godfrey, Partner of Tritax, commented: "Following the successful completion of the first Howdens building, which the Company agreed to forward fund in September 2015, we are delighted to be investing on the second phase of Howdens' two new distribution centres. Once completed, these three high specification facilities totalling 1.6 million sq ft will provide Howdens with a 'centre of excellence' for its national supply chain operations. This investment is in an established logistics location with a strong covenant, adds to our portfolio's core foundation income and brings our total portfolio to 48 assets."
skinny
03/1/2018
11:11
Let's get a breakout this time :-)
cheshire man
03/1/2018
10:48
Looking to try 150 again (high was/is 151.40p)
skinny
28/12/2017
09:20
Acquisition but no mention of the yield.
tyranosaurus
15/12/2017
15:34
Apologies for part O/T... Thread created for Aberdeen Standard European Logistics Income plc (ASLI) which has today listed on the premium segment of the London Stock Exchange offering a focused long term income strategy exploiting the demand-supply imbalance in European logistics... HTTP://uk.advfn.com/cmn/fbb/thread.php3?id=42074530
speedsgh
15/12/2017
07:57
EXTENSION OF DEBT FACILITY Further to the Company's refinancing announcement on 1 December 2017, the Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that the Company has agreed terms to extend the maturity on its existing loan facility (the "Facility") with Landesbank Hessen-Thüringen Girozentrale ("Helaba"). The £50.87 million Facility is secured on the Ocado distribution warehouse at Erith and has been extended from July 2023 to July 2025, which further extends the Company's weighted average debt maturity. The margin payable on the facility will remain unchanged.
skinny
13/12/2017
12:28
Results of fundraising for Aberdeen Standard European Logistics Income IPO, the "European BBOX". £187.5m raised against a target of £250m. Admission to be effective Friday, 15 December 2017... Result of Initial Fundraising - HTTPS://www.investegate.co.uk/aberdeen-stand-euro-/rns/result-of-initial-fundraising/201712131208522484Z/
speedsgh
12/12/2017
21:16
Hi Speedsgh, My understanding is that it has gone down - i.e. a good thing. My reading is that the August statement "weighted average all-in capped rate of borrowing of 2.78% pa" is the compare against the recent RNS statement of "The Company's weighted average running cost of debt will become 2.38 per cent." A 0.4% saving in payments is pretty significant in my book, representing a 14% decrease in their dept interest. However - I'm not gonna claim to be an expert, so I'm not fighting back if someone can correct me. Cheers, PJ
pj fozzie
07/12/2017
21:21
chunky buy by the non exec..100,000
pjw956
01/12/2017
10:21
From today's rns: "Following the issue of the Notes, entering into the New Facility and the repayment of the majority of the existing secured debt, the Company's weighted average debt maturity will increase from 4.5 years to 8.4 years. The Company's weighted average running cost of debt will become 2.38 per cent. and will primarily comprise fixed rate debt." From the Interim Results in Aug: "The Group's loans have a current blended margin payable of 1.43% pa above three-month Libor or the referenced gilt. At 30 June 2017, the weighted average interest rate payable across the Group's debt commitments, which is the total cost of fixed-rate debt plus our average variable rate margin above three-month Libor at that date was 1.91% pa (31 December 2016: 1.80% pa). The interest rate derivatives give the Group a level of interest rate protection, with a weighted average all-in capped rate of borrowing of 2.78% pa as at the period end (31 December 2016: 2.82% pa) across its hedged debt." So has the 'weighted average running cost of debt' referred to in today's rns gone up or down from what it was previously? I find the different terminology used a little confusing.
speedsgh
01/12/2017
07:11
Refinancing £500 MILLION DEBUT SENIOR UNSECURED NOTES AND NEW £350 MILLION UNSECURED REVOLVING CREDIT FACILITY Further to the announcement on 23 November 2017, the Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce the pricing of senior unsecured notes in an aggregate principal amount of £500 million and for an average term of 11.5 years (together, the "Notes") which are to be issued under the Company's £1.5 billion Euro Medium Term Note Programme (the "EMTN Programme"). The Company is also pleased to announce a proposed new £350 million unsecured revolving credit facility (the "New Facility") to be entered into with its core relationship lender group and selected new lenders. Subject to the issuance of the Notes and entering into the New Facility, it is proposed that the majority of the Company's secured debt, including the existing £550 million secured syndicated facility, will be repaid in full. Following the issue of the Notes, entering into the New Facility and the repayment of the majority of the existing secured debt, the Company's weighted average debt maturity will increase from 4.5 years to 8.4 years. The Company's weighted average running cost of debt will become 2.38 per cent. and will primarily comprise fixed rate debt. Debut Issue of Notes: The Company has priced two tranches of Notes, comprising (i) £250 million senior unsecured notes maturing on 14 December 2026 (the "2026 Notes") and (ii) £250 million senior unsecured notes maturing on 14 December 2031 (the "2031 Notes") which are to be issued under its EMTN Programme. The Notes are expected to be rated Baa1 by Moody's Investors Service Limited. The Notes are expected to be (i) issued on 14 December 2017 upon the satisfaction or waiver of customary conditions precedent; and (ii) admitted to the Irish Stock Exchange's Official List and to trading on the Global Exchange Market of the Irish Stock Exchange upon issue. The 2026 Notes and the 2031 Notes will bear interest at a rate of 2.625 per cent. per annum and 3.125 per cent. per annum, respectively. New Facility: The New Facility has an initial maturity of five years and can be extended (subject to obtaining the prior consent of the lenders) by two further years to a maximum maturity of seven years. The New Facility also contains an uncommitted £200 million accordion option. The New Facility is expected to be entered into shortly before the issue of the Notes on 14 December 2017 and is subject to satisfaction or waiver of customary conditions precedent. The New Facility has an opening margin of 1.10 per cent. per annum over LIBOR. more.....
skinny
21/11/2017
15:45
Aberdeen Standard European Logistics Income IPO could well take up some existing spare cash. hTtps://www.ftadviser.com/investments/2017/11/20/aberdeen-standard-targets-logistics-growth-with-new-fund/
shauney2
21/11/2017
15:35
I`m sure a lot of existing investors will be keen to acquire more BBOX, with no stamp duty or dealing costs, if they offer some to the existing shareholders. You will also get the dividend straight away. With the likes of Aviva, AEWL, LXI and RESI you have a long wait for a dividend. I`m still waiting for my first dividend from LXI. I reckon BBOX will be borrowing money on these acquisitions so no imminent fund raising. I expect one around February/March.
tyranosaurus
20/11/2017
17:32
The Aviva REIT looks interesting, but won't have many big boxes in its portfolio. In a presentation to brokers last week they mentioned four assets for their initial portfolio: a hotel, a GP Surgery, an office and a Supermarket. I can't comment on the SA issue. But I agree raising new funds will get harder - only so much money can go into the wider sector, and a lot of issues have been undersubscribed. personally, I wonder if it's getting a bit frothy out there!
jonwig
20/11/2017
16:44
With upcoming launches from Standard Aberdeen and Aviva I think they might struggle with another issue this year. The natural progression would have been to move into Europe but it looks like Standard Aberdeen have that covered off from what I see. Would be interested in views on these new launches? CT
getscenic
20/11/2017
15:21
That appears to take expenditure since the last share issue to more than £450m. Another issue cannot be far away.
greatgiginthesky
20/11/2017
07:24
They're pretty busy on the acquisition front, but an unusual feature of the latest (Harlow, £44.4m) is that there's no statement of the net initial yield. Was it just carelessness on their part, or might there be a suggestion theat top dollar was paid?
jonwig
29/10/2017
07:22
hTTp://www.thisismoney.co.uk/money/investing/article-5025083/INVESTMENT-EXTRA-Fund-managers-cash-warehouse-boom.html#ixzz4wsaT0Cx3
cheshire man
28/10/2017
13:30
Dave - I picked it up last month and thumbed down for myself: 20 Sep '17 - 11:50 - 725 of 739 0 0 Edit Warehouse REIT [WHR} says it successfully raised the amount wanted (£150m gross) meaning 150m shares at 100p. Yet today 166m shares were issued for trading. Uh? Did anyone here look at this company? I must admit I didn't and there's no thread. Intend paying 5.5p. EDIT: OK, it's in the prospectus - 16m consideration shares for purchase of seed portfolio. Nice work if you can get it, and rather puts me off! EDIT: search the prospectus for the words Tilstone and, separately, consideration.
jonwig
28/10/2017
13:04
Has anybody considered Warehouse REIT (WHR) ? It seems to have started trading with no fanfare at all. There is no thread for it on ADVFN and all I can find is that it got a mention on citywire and Woodford has a holding (Is that like saying IC says buy !!!)
daveofdevon
25/10/2017
12:45
This will be an early test of whether the fact that the client's past investment in capital equipment within the big Box will create opportunities for Tritax to negotiate strong rental and renewal terms or could this be a cheap way out for the retailers.
ugandalad
25/10/2017
06:09
ACQUISITION OF TWO MODERN LOGISTICS FACILITIES AT PROLOGIS PARK, STOKE-ON-TRENT, STAFFORDSHIRE The Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that it has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to Marks and Spencer plc ("M&S"), one of the UK's leading multichannel retailers, and Dunelm (Soft Furnishings) Ltd ("Dunelm"), the UK's number one homewares retailer. The combined net purchase price is £78.5 million and will be funded from equity. Stoke-on-Trent has attracted major distribution occupiers including Asda, JCB, Michelin, New Look, Sainsbury's and TK Maxx. This core logistics location has excellent connectivity to the M6 motorway for access to Birmingham and Manchester city airports and the Port of Liverpool. Marks and Spencer plc National Distribution Centre Built to a high specification in 2008, this National Distribution Centre is let to Marks and Spencer plc, the main subsidiary of FTSE100 constituent Marks and Spencer Group plc, one of the UK's leading multichannel retailers. The net purchase price reflected a net initial yield of 5.43% on the corporate acquisition. The facility is one of M&S's five National Distribution Centres for general merchandise and onward fulfilment to Regional Distribution Centres. The property, which has benefited from significant capital investment from the occupier, has an eaves height of c.12 metres, a gross internal floor area of 382,594 sq ft with a site cover of approximately 57%. The property has been acquired with an unexpired lease term of approximately 8.5 years and has a lease break or rent review in c.3.5 years. The lease is subject to five yearly upward only open market rent reviews. The passing rent reflects £5.24 per sq ft. Dunelm (Soft Furnishings) Ltd National Distribution Facility The modern and versatile facility comprises two interconnected buildings with a gross internal floor area totalling approximately 503,389 sq ft, which are let to Dunelm (Soft Furnishings) Ltd, the UK's number one homewares retailer. The net purchase price reflected a net initial yield of 5.38% on the corporate acquisition. These two sortation and distribution facilities, built to a high specification in 2004 and 2010 respectively, are interlinked and work in conjunction with the Company's new Dunelm National Distribution Centre located in nearby Sideway, Stoke-on-Trent, which was forward funded by the Company in June 2015, and together form Dunelm's dedicated national distribution hub. The properties have all benefited from significant capital investment by the occupier. Each building has an eaves height of c.12 metres, good parking and a site cover of approximately 56%. The properties are being acquired with two coterminous leases, each with an unexpired lease term of approximately three years. There are no further rent reviews. The passing rent reflects c. £4.56 per sq ft which is highly reversionary against current market rents in this location. Colin Godfrey, Partner of Tritax, commented: "We are very pleased to have acquired these modern and adjacent Big Box distribution facilities, situated in an established core logistics location with two high quality tenant covenants in M&S and Dunelm. They build on our strong working relationship with both retailers. These Value Add investments provide opportunity for rental growth and the short unexpired lease terms offer potential for capital value enhancement from either lease renewal or reletting. Value Add assets now constitute 17% of our portfolio by value."
skinny
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
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