Tritax Big Box Reit Share Discussion Threads

[speedsgh] 18/6/2021 15:09

DV4 have sold down their remaining 1.6% shareholding in BBOX at 193p per share via a secondary placing... Result of Secondary Placing in Tritax Big Box REIT - HTTPS://www.investegate.co.uk/jefferies-int-ltd./rns/result-of-secondary-placing-in-tritax-big-box-reit/202106180700043155C/

[mcdougall1] 17/6/2021 09:23

Confirmation that planning consent has been granted by Cheshire East Council for the 867,000 sq ft distribution centre at Ma6nitude in Middlewich, Cheshire. hTTps://tritaxsymmetry.com/latest-news/outline-planning-secured-for-867000-sq-ft-warehouse-distribution-space-at-ma6nitude/

[williamcooper104] 14/6/2021 12:08

Cbre GI are selling a £75m London multi let portfolio Heard it is going to go under offer at 2.5 The Asda sale and leaseback of their logistics assets looks like it will go to blackstone at well south of 4 Market still raging hot ?

[skinny] 14/6/2021 11:44

Another new high @203.60p and £2 in the rear mirror hopefully.

[mcdougall1] 11/6/2021 13:05

Symmetry Park Merseyside, a new one million sq ft employment park in Knowsley has just been given planning consent: hTTps://tritaxsymmetry.com/latest-news/symmetry-park-merseyside-given-the-go-ahead-to-meet-demand/

[williamcooper104] 09/6/2021 09:03

From React News (best commerical property news source) A joint venture between Tritax Symmetry and NPLL is set to receive planning consent for a 867,000 sq ft distribution centre in Middlewich, Cheshire.The partners put in plans for the scheme at Ma6nitude, off Junction 18 of the M6, in March this year. A tenant is yet to be secured for the building. NPLL was set up by ex-Pochins director Bob Nicholson.Cheshire East Council's strategic planning board has been recommended to approve the project when it meets next week.The 867,000 sq ft scheme follows the opening phase of the development, which includes 460,000 sq ft of manufacturing and distribution space. Last year, sweet and confectionery company Swizzells Matlow agreed a pre-let for a 158,000 sq ft manufacturing facility (pictured above) at the site, as revealed by React News.The professional team includes Avison Young and AEW Architects. Savills, B8RE, and Legat Owen are agents for the scheme.

[yertiz] 08/6/2021 08:46

Banging its head on the £2 ceiling. Only a matter of time....

[financeguru] 08/6/2021 08:41

well we hit 200p can we push on from here?

[skinny] 07/6/2021 15:22

Yes - another new high @199.40 and within a whisker of £2.

[financeguru] 07/6/2021 15:20

are we all enjoying this run up?

[dhoult12] 20/5/2021 20:21

It's a good un. Also hold SHED and have been tempted to shift some of this into there... But always resisted so far. For any competitor such a hard space to get into. Can see some bombed out shopping center car parks coming into play (lakeside etc) at some point but wouldn't bet against this lot being front of the line to buy and develop.

[alter ego] 20/5/2021 16:59

Largest of my holdings at 6.9% followed by BREE at 6.0% and RWS at 5.5%

[skinny] 20/5/2021 16:40

A new high @196.60p My second largest holding by value after PHNX.

[rathlindri] 20/5/2021 16:38

This is the best share in my portfolio, by quite a margin

[alter ego] 13/5/2021 10:33

Interesting speedsgh, thanks for posting.

[skinny] 13/5/2021 10:32

Interesting - thanks.

[speedsgh] 13/5/2021 10:25

Tritax Symmetry completes DPD’s new net zero carbon facility with further development announced - HTTPS://www.commercialnewsmedia.com/archives/111697

[jong] 13/5/2021 09:59

XD today (1.6p) payable on 1st June

[skinny] 10/5/2021 16:37

New all time high @194.50p.

[rik shaw] 06/5/2021 07:11

Divdend declaration hTtps://uk.advfn.com/stock-market/london/tritax-big-box-reit-BBOX/share-news/Tritax-Big-Box-REIT-plc-Dividend-Declaration/85027494

[speedsgh] 05/5/2021 07:53

Trading update for the financial year to date - HTTPS://www.investegate.co.uk/tritax-big-box-reit--bbox-/rns/trading-update-for-the-financial-year-to-date/202105050700085433X/ Strong market fundamentals Demand for logistics space in the UK remains high following a record year of take-up in 2020. Take-up in Q1 2021 was lower than average reflecting the acute shortage of ready-to-occupy sites with vacancy falling below 4%. With a record 16 million sq ft1 of logistics real estate space under offer in the market, nearly twice the level at the end of 2020, take-up for the rest of the year is expected to rise. Investment demand remained at record levels, with volumes reaching £2 billion2, the highest Q1 level on record. Recently completed transactions point to further downward pressure on prime yields, which remain at historic lows. High-quality portfolio continues to deliver strong performance and very high levels of rent collection Our high-quality portfolio continues to perform well with consistently high levels of rent collection: · 99.8% of FY 2020 rents have been received with full collection expected by the Summer. · 98% of Q1 2021 and 95% of Q2 2021 rents received, 99% expected to be received in respect of Q1 and Q2 by the end of June 2021. · All arrears for Q1 and Q2 2021 are in relation to a rent deferral agreed with one customer where full collection is expected by the end of FY 2021. Directly and actively managing our portfolio to deliver value for shareholders We actively manage our high-quality portfolio to drive value for shareholders. With 37% of the portfolio due for rent review in FY 2021, across a blend of open market, fixed and inflation linked review types, we are well placed to capture attractive levels of rental growth. During the period we have: · Undertaken approximately one third of the rent reviews falling due during 2021 which, combined with two historic reviews settled during the period, added £3.1 million to annual contracted rent (FY 2020: £2.0 million). · As recently announced, completed the off market acquisition of an 872,000 sq ft distribution facility in Avonmouth for £90 million, with 12.8 years unexpired lease term, an attractive 5.1% NIY and with strong reversionary potential, adding £4.6 million to passing annual rent. · Increased the percentage of the portfolio with an A to C grade EPC environmental rating to 92%. Good progress across our development platform The Company owns and controls the UK's largest logistics focused land platform capable of delivering approximately 40 million sq ft of logistics space. We have seen an increasing level of interest in the development pipeline as sites have progressed through the planning process and consents have been secured. In line with our previously stated guidance, we anticipate an acceleration in letting activity from our land platform through H2 2021 / H1 2022 aligned to the delivery of planning milestones. Key activity during the period included: · Practical completion of construction for DPD at Bicester, our first net-zero carbon in construction building, and Co-Op at Biggleswade which together are now contributing £5.5 million to passing annual rent. · Continued progress at Littlebrook, Dartford with commencement of construction at Phase 1 of 450,000 sq ft funded by our development partner Bericote, and the 2.3 million sq ft facility pre-let to Amazon at Phase 2 nearing practical completion. Colin Godfrey, CEO, Fund Management, commented: "We have made a good start to the year across all aspects of our business through a combination of effectively implementing our strategy and strong market fundamentals. The quality of our portfolio continues to be reflected in very high levels of rent collection while our asset management activities are enhancing value. With 37% of the portfolio rent roll subject to rent review during the year, we are capturing attractive levels of rental growth. Our development platform is making good progress and, in line with our guidance, with more of our sites progressing through the planning process, we are well placed to begin capturing greater letting opportunities from the second half of this year."