Tritax Big Box Reit Share Discussion Threads

[riverman77] 10/2/2024 09:51

An odd choice given UKCM has a load of offices and retail, which presumably they'll want to sell to remain a pure play logistics company. I guess a quick way to increase scale. SHED WHR or even EBOX would have been better choices.

[igoe104] 10/2/2024 09:25

Should push the new group into FTSE 100, which will attract more fund buying...

[8w] 10/2/2024 07:48

BBOX and UKCM ? Can't see the two of them as a logical combination. What has prompted this corporate action

[williamcooper104] 09/2/2024 23:47

It's UKCM No word of price/termsOther than in reality it's BBOX buying them than a merger Both now managed by Arbdn though don't think shareholders will see any management synergies

[igoe104] 09/2/2024 22:09

WHR or shed will suit me. 🤞

[riverman77] 09/2/2024 22:06

SHED is a logical fit. Was hoping it might have been EBOX - would help lift the share price out of the doldrums.

[george stobbart] 09/2/2024 20:07

SHED LN is chattered

[riverman77] 09/2/2024 20:05

Hi William - do you know who they're merging with? Can't access the article.

[williamcooper104] 09/2/2024 19:28

Shall await details But given where BBOX trading at likely to be accretive

[george stobbart] 09/2/2024 19:14

Exclusive

More big M&A news in the listed sector via React News…

Tritax Big Box REIT plc to shake things up and create UK’s fourth largest REIT

Exclusive: Tritax Big Box agrees merger to create £4bn titan | David Hatcher

[speedsgh] 07/2/2024 10:34

Tritax gets go-ahead for Biggleswade logistics park expansion plans -

Tritax Symmetry, Tritax Big Box’s dedicated logistics development company, has been granted detailed planning permission for the third phase of Symmetry Park, Biggleswade, totalling 927,000 sq ft of logistics space.

Central Bedfordshire Council has approved plans for three new logistics buildings to be developed, totalling 384,325 sq ft, 287,200 sq ft and 255,700 sq ft. All three facilities will be built to net zero carbon in construction and will target a BREEAM ‘Excellent’ rating.

“Tritax Symmetry has successfully developed this site into a highly sustainable distribution park for local, regional and international businesses,” said Tom Leeming, development director at Tritax Symmetry.

“In addition, our business has worked together with the local community and provided considerable funds resulting directly from the development for the exciting Kitelands project. We’re looking forward to delivering the next phase, with further announcements due imminently on those plans, to attract further high-quality jobs and economic growth to the town.”

Tritax has granted Biggleswade Town Council £57,700 for the town’s Kitelands Recreation Ground improvement project for the creation of a new toddlers’ play area.

Mark Foster, mayor of Biggleswade, said: “The town council would like to thank Tritax Symmetry for their continued investment in the local community. This additional funding is a valuable and much-appreciated contribution to the town council’s wider play area refurbishment programme.”

The first two phases of Symmetry Park, Biggleswade, offering a total of 1.24m sq ft, are fully occupied by The Co-operative Group, Bidfood, Bowman Ingredients, Noatum Logistics and Bond International.

Plans for phase three were submitted at the start of 2023.

Colliers and Bidwells are joint letting agents at Symmetry Park, Biggleswade.

[bathcoup] 29/1/2024 22:57

@nickrl - "Yield too low for me currently so just watching."

I assume you mean dividend yield. Yes, it's a bit low but can it grow in line inflation?

[dull gull] 29/1/2024 13:45

"£7.8 million of annual contracted rent added"

[nickrl] 29/1/2024 10:04

@peteway reads well but like all of them only mention the upside. If they told us latest contracted rent you could at least work out how well they are really doing. The sales have taken a lump out of rental income but looks like the asset mgt activity has neutralised that from the narrative but not difficult to just quote the number!

Anyhow they've proven adept at getting the money back on developments but I guess the question is whether the logistics bubble has burst or not.

Yield too low for me currently so just watching.

[petewy] 29/1/2024 09:43

optimistic update

[scruff1] 20/12/2023 19:57

FWIW - investors have raised Tritax Big Box to 169.5. Buy

You seem to be uncharacteristically behind the door today skinny. Hopefully you will soon be back informing us of a new ATH

[skinny] 20/12/2023 13:34

FWIW :- Stifel raises Tritax Big Box REIT price target to 165 (140) pence - 'hold'

[petewy] 17/12/2023 12:41

Heavily tipped by ii's Editorial team

[scruff1] 05/12/2023 21:08

Anyone pays any attention to these broker ratings would be better employed learning to read tea leaves - or charts !

[yump] 05/12/2023 14:28

Isn’t the upgrade an attempt to get tge price up so they maximise profits on their earlier “quiet” purchases on behalf of clients ?

Wot me, cynical?

Just watch all the targets jump once each share looks like its properly cleared the bottom.

[nickrl] 05/12/2023 14:02

@skinny there interested now the boat has sailed!!

[skinny] 05/12/2023 13:32

Goldman Sachs raises Tritax Big Box price target to 180 (160) pence - 'buy'

[scruff1] 02/12/2023 06:47

Interesting article in todays City Wire 'UK Reits: Value us on earnings not 'mythical' net asset values'. Its what the Americans are doing where there is no mention of NAV at all.