Tritax Big Box Reit Share Discussion Threads

[cottoner] 13/12/2013 12:14

Expecting another acquisition to be announced shortly.

'Tritax Big Box expects to have three warehouses under its belt before Christmas with a fourth shortly after and two more within six months.'

[skinny] 13/12/2013 12:03

AGREEMENT TO ACQUIRE THE MARKS & SPENCER EAST MIDLANDS DISTRIBUTION CENTRE FOR £82.575 MILLION

The Board of Tritax Big Box REIT plc is pleased to announce that it has exchanged contracts for the acquisition of the Marks & Spencer East Midlands Distribution Centre at Castle Donington, Leicestershire for a purchase price of £82.575 million (net of acquisition costs) reflecting a net initial yield of 5.2%. Completion is expected to take place on 17 December 2013. The purchase will initially be funded out of equity proceeds, with senior debt finance expected to be introduced in the near term.

The regional distribution centre was purpose-built for Marks & Spencer in 2011 and comprises over 900,000 sq. ft. of ground floor area with 25 metre eaves height, with associated offices, car park and vehicle maintenance unit and with the benefit of an adjacent rail freight terminal and sidings. It is strategically located with excellent transportation connections via road (M1 motorway), rail and air for central UK distribution of general merchandise for both e-commerce and national stores.

The distribution centre is being acquired with an unexpired lease term of approximately 23 years, which is subject to a five yearly open market rent review with a minimum increase equivalent to 1.5% per annum and a maximum increase equivalent to 2.5% per annum (in each case on a compounded basis).

[jaws6] 13/12/2013 11:07

Good move on up now 102 102.5
edit-rns on marks spencer move

[topvest] 12/12/2013 13:33

Itinvestor - yes, it's disappointing. Can't see why the SFM is unsuitable for investors, but the rubbish on AIM is..I think this is more of a LSE regulatory requirement, so not really under their control. Access to companies on the SCM are generally out of bounds to the retail investor.

Oh well...everything else about Charles Stanley is excellent. They go out of their way to be helpful. Top notch service, so no complaints from me really. They have invested quite a bit in the Charles Stanley Direct platform and that is good as well.

I don't like nominee accounts as I like to receive annual reports and be able to vote.

[4wingrove] 12/12/2013 13:21

No problem with Interactive Investor, looks encouraging big stakes by BNY and Yorkshire Council and price now ticking up

[ltinvestor] 12/12/2013 08:23

Topvest.I have exactly the same problem now with Charles Stanley and considering that I have been a client for 20 years I am pretty disgusted.If you are not a discretionary client they really do not want to know.

[jaws6] 11/12/2013 21:15

I tried to buy in Tdw and they did not ask me to fill anything .

[topvest] 11/12/2013 21:06

Thanks Mach 100 - I hold my shares in a nominated crest account rather than nominee so this wouldn't work for me. The only other way is certificated, but don't have a facility to do this.

[mach100] 11/12/2013 16:15

Topvest TDW allow you to invest after filling in a survey to show you have understood risks. I bought then had to do the survey.Dividend between six and 9%, huge barriers to entry and a board already making a statement of intent. Looks juicy in the current low rate environment and possibly some share price appreciation to come. What's not to like?

[skinny] 11/12/2013 15:10

Edit - duplicate of post 9.

[nurdin] 11/12/2013 15:08

Nice purchase!

[double6] 09/12/2013 08:56

JQW - another new listing today .... Chinese B2B.

Massive potential there........

[barefoot141] 09/12/2013 08:54

Bought through HL

[4wingrove] 09/12/2013 08:52

Likewise, premium not too bad. Bought through interactive investor

[topvest] 09/12/2013 08:32

Yes, looks interesting. Unfortunately, very difficult to get hold of. I wasn't prepared to buy £10k worth in the offer and just found out that Charles Stanley now don't allow you to buy shares listed on the Specialist Fund Market. Disappointing! Anyway, probably best not to chase the shares to a massive premium on the 98p cash held. I will have to wait until this moves to a premium listing at some point.

[topinfo] 09/12/2013 08:23

MIDAS SHARE TIPS: Shares in logistics firm Tritax Big Box may rocket in retailers' new space race

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:19, 30 November 2013 | UPDATED: 10:39, 2 December 2013