Tritax Eurobox Share Discussion Threads

[skinny] 26/9/2018 07:06

ACQUISITION OF THE MANGO GLOBAL DISTRIBUTION CENTRE AT LLIÇÀ D'AMUNT, BARCELONA, SPAIN FOR €150 MILLION

The Board of Tritax EuroBox plc (tickers: EBOX (Sterling), BOXE (Euro)), which invests in Continental European logistics real estate assets, is pleased to announce that it has acquired a global distribution centre at Lliçà d'Amunt, Barcelona let to Punto Fa S.L., trading as MANGO ("Mango"), one of the world's leading fashion retailers. The total consideration is €150 million (excluding purchaser's costs), reflecting a net initial yield of 5.0% on the corporate acquisition.

This state-of-the-art global distribution centre which distributes to Mango's worldwide store network is located 25 km north of Barcelona and is directly accessible from the European motorway network. Barcelona's port and airport are within a 25-minute drive.

This high specification logistics facility, purpose-built in 2016, has a gross internal area of 186,138 sqm, a maximum eaves height of 40 metres and multi-level mezzanines. The building has benefited from significant capital investment incorporating a high level of automation and racking.

The property is let on a 30 year full repairing and insuring lease that commenced on 20 December 2016, reflecting an unexpired lease term of over 18 years to the first tenant break option in 2036, with further break options in 2039 and 2042. The rent is subject to annual upward only indexation. This off-market investment also benefits from two options to extend the property on an adjacent plot of land. If implemented, these extensions would increase the size of the asset by over 55,000 sqm.

more.....

[belgraviaboy] 14/9/2018 12:27

Warning from TRY newsletter that this will be trading on a double digit premium:

"However the sheer weight of demand is neatly exhibited by EuroBox, a €300m cash box IPO in July where the shares are trading at a 6% premium to cash. Once the proceeds are invested (they are in exclusive discussions) and adjusting for acquisition costs the premium will rise to double digits."

Better value elsewhere?

[saj3] 04/9/2018 08:42

Yes I had same problem with BARCLAYS ended up buying through IG

[jaws6] 03/9/2018 15:39

send them secure message asking why you can not buy it.
some times they got no kids document new thing.
ii let you buy it.

[winsome] 03/9/2018 15:36

Tried to buy these today but couldn't via my Barclays account. When I phoned them they told me they weren't available to retail investors on their platform and couldn't say why. Anyone any ideas?

[spectoacc] 17/7/2018 08:04

I'm out now, good luck holders - if it can repeat BBOX's performance it'll do well. But I've let too many new issue premiums evaporate this year.

[jaws6] 10/7/2018 11:45

a1101
if you want you can add this in header for co info. edited below

[al101uk] 10/7/2018 11:29

Cheers Jaws!

[spectoacc] 10/7/2018 11:04

Thanks @jaws6

[jaws6] 10/7/2018 10:52

looks like they sorted now on morning star. can buy in ii now .

[al101uk] 09/7/2018 10:50

Not a great start, some documentation missing that means this can't be traded with companies that use Morningstar.

[al101uk] 09/7/2018 10:44

Done, see you on the other side

[daveofdevon] 09/7/2018 10:33

Well done, just add a news panel and I will be happy

[al101uk] 09/7/2018 10:31

I'll work on it, but one with charts here:

[al101uk] 09/7/2018 10:30

Listed 9/7/2018
Funds Raised: £300 million
Business: Euro Big Box Reit, the company have identified €1.8 billion (£1.6 billion) pipeline of high quality logistics properties from its contacts in Europe. Following the business model of the already succesful BBOX in the UK.
Expenses will be capped at 2%
Initial dividend yield of 4.75% on flotation price of £1, targeting a 9% annual return.






2022 Results Presentation

[daveofdevon] 09/7/2018 10:21

Quote data is now available. Can anybody set up a new thread with a proper header ?

[al101uk] 09/7/2018 10:11

Can't trade online with ii, not placed a call yet.

[semper vigilans] 09/7/2018 09:47

No exchange risk warning that I could see on promotional the document?

[norland1] 09/7/2018 08:39

ebox - now able to buy at approx. 103

[saj3] 09/7/2018 08:36

Which symbol do you use EBOX or BOXE

[spectoacc] 09/7/2018 08:03

Reasonable start - couldn't add as "no value can be found".

[robow] 06/7/2018 17:54

48% ish from Selftrade

[norland1] 06/7/2018 09:49

Still trying to find out what the eventual allocation was for different applications. Agree its a disappointment when to dont get your full whack. Will try and get in on Monday if premium not too high