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TRITAX BIG BOX Reit (BBOX)     

skinny - 11 Dec 2013 13:03 - 6 of 172

Aviva and cohorts > 12%

skinny - 11 Dec 2013 14:37 - 7 of 172

EAST RIDING OF YORKSHIRE COUNCIL > 7%

skinny - 11 Dec 2013 15:10 - 8 of 172

Acquisition Of The Sainsbury's Distribution Centre

ACQUISITION OF THE SAINSBURY'S DISTRIBUTION CENTRE, LEEDS FOR £48.75 MILLION

The Board of Tritax Big Box REIT plc is pleased to announce that it has acquired a Sainsbury's distribution centre in Sherburn-in-Elmet, Leeds from a fund advised by Ekistics Property Advisors LLP for a purchase price of £48.75 million (net of acquisition costs), reflecting a net initial yield of 6.65% on the corporate acquisition (equivalent to 6.39% net initial yield assuming standard purchaser's costs). The purchase has been funded out of equity proceeds, with senior debt finance expected to be introduced in the near term.

This regional distribution centre is one of Sainsbury's main regional distribution hubs distributing groceries to supermarket and 'local' store formats. It is strategically located with excellent transportation connections via road (A1(M) motorway), rail and air for central UK distribution for both e-commerce and national stores.

It was constructed in 2000 and comprises over 585,000 sq. ft. of ground floor area with 13 metre eaves height, extending over four buildings with associated loading and parking. The distribution centre is being acquired with an unexpired lease term of approximately 13 years, which is subject to five yearly upward only open market rent reviews.

deltazero - 11 Dec 2013 15:52 - 9 of 172



rns

buy and lease back agreement sainsburys - excellent revenue stream..........

http://www.investegate.co.uk/tritax-big-box-reit--bbox-/rns/acquisition-of-the-sainsbury-s-distribution-centre/201312111505013086V/

deltazero - 13 Dec 2013 12:00 - 10 of 172

more fantastic news - rns out onwards and upwards.......................

we are now the landlords of marks & sparks - http://www.investegate.co.uk/tritax-big-box-reit--bbox-/rns/acquisition-of-m-s-distribution-centre/201312131145054990V/

skinny - 13 Dec 2013 12:03 - 11 of 172

ACQUISITION OF M&S DISTRIBUTION CENTRE

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).

skinny - 15 Dec 2013 10:43 - 12 of 172

Interactive Investor article

skinny - 23 Jan 2014 13:28 - 13 of 172

On market transfer between direct & indirect funds

skinny - 02 Apr 2014 10:14 - 15 of 172

Slowly ticking up over the past couple of weeks.

skinny - 01 May 2014 07:16 - 16 of 172

Jefferies International Buy 0.00 109.13 114.00 114.00 Reiterates

skinny - 19 May 2014 07:12 - 17 of 172

Interim Management Statement

HIGHLIGHTS
· IPO in December 2013 fully subscribed raising £200m
· Admitted to the Specialist Fund Market of the London Stock Exchange and listed on the Channel Islands Stock Exchange on 9 December 2013
· Over £187m of net IPO proceeds invested in portfolio of four distribution centres let to institutional-grade tenants
· Secured £23.5m senior debt financing in April 2014 to Sainsbury's distribution centre in Sherburn-in-Elmet, Leeds
· Initial portfolio is performing in line with management expectations
· Healthy pipeline of further suitable new investment opportunities being pursued

skinny - 30 May 2014 07:53 - 18 of 172

Jefferies International Buy 107.63 107.63 114.00 114.00 Reiterates

skinny - 30 May 2014 07:58 - 19 of 172

Proposed Placing

The Board of Directors (the "Board") of Tritax Big Box REIT plc (ticker: BBOX) (the "Company"), announces that the Company is seeking to place with institutional investors up to 19.98 million new ordinary shares of £0.01 each in the Company (the "Placing Shares"), representing approximately 9.99 per cent of the Company's existing issued share capital (the "Placing").

As set out in the Interim Management Statement on 19 May 2014, the Company has successfully invested £187.17m of the net proceeds of its initial fundraise, acquiring four distribution centres. In April 2014, the Company also signed an agreement with Barclays Bank PLC to provide £23.5 million of senior debt financing to Sainsbury's distribution centre in Sherburn-in-Elmet, Leeds.

The Board believes that there is a healthy pipeline of suitable new investment opportunities and the Company is currently in advanced negotiations in relation to the acquisition of two additional assets. It is intended that the capital raised via the Placing will be used in the near term to assist in financing these investment opportunities.

The Placing is expected to close at 12 noon (London time) today but may close earlier or later at the absolute discretion of the Company. The issue price will be determined by a book build process and is expected to be at a level which is accretive to the net asset value per share of the Company, after costs.

Application will be made to the London Stock Exchange and the Channel Islands Securities Exchange Authority Limited (formerly the Channel Islands Stock Exchange) ("CISEA") for the Placing Shares to be admitted to trading on the Specialist Fund Market of the London Stock Exchange and the CISEA ("Admission"). It is expected that Admission will become effective on 4 June 2014.

The Placing Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares of £0.01 each in the capital of the Company, including the right to receive all future dividends and distributions declared, made or paid (including the Company's initial interim dividend due to be declared in August 2014).

In connection with the Placing, Jefferies is acting as sole bookrunner and Akur is acting as financial adviser to the Company.

skinny - 30 May 2014 10:19 - 20 of 172

Result of Placing

Further to the announcement earlier today, the Board of Directors (the "Board") of Tritax Big Box REIT plc (ticker: BBOX) (the "Company"), is pleased to announce that it has received commitments from institutional investors for 19.98 million new ordinary shares of £0.01 each in the Company (the "Placing Shares"), representing approximately 9.99 per cent of the Company's existing issued share capital (the "Placing").

Accordingly the Placing is now closed and the issue price has been set at 104 pence per share.

Application will be made to the London Stock Exchange and the Channel Islands Securities Exchange Authority Limited (formerly the Channel Islands Stock Exchange) ("CISEA") for the Placing Shares to be admitted to trading on the Specialist Fund Market of the London Stock Exchange and the CISEA ("Admission"). It is expected that Admission will become effective on 4 June 2014.

The Placing Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares of £0.01 each in the capital of the Company, including the right to receive all future dividends and distributions declared, made or paid (including the Company's initial interim dividend due to be declared in August 2014).

skinny - 04 Jun 2014 07:07 - 21 of 172

Financing of M&S and Tesco Distribution Centres

FINANCING OF MARKS & SPENCER EAST MIDLANDS DISTRIBUTION CENTRE &
TESCO DISTRIBUTION CENTRE, SOUTHMEAD INDUSTRIAL ESTATE, DIDCOT

Further to the acquisitions of the Marks & Spencer East Midlands Distribution Centre at Castle Donington, Leicestershire announced on 13 December 2013 and the Tesco Distribution Centre at Southmead Industrial Estate, Didcot announced on 4 April 2014, the Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that the Company has signed agreements with Barclays Bank PLC to provide £49.3 million and £12.2 million respectively of senior debt financing secured individually on the assets. These reflect loan to value ratios of approximately 59% and 45% respectively. The debt financing for Marks & Spencer East Midlands Distribution Centre is for a term of five years, with an option to extend prior to the end of year two and three up to a maximum of seven years, with a margin of 200 bps above three month LIBOR. The debt financing for Tesco Didcot Distribution Centre is for a term of four years, with an option to extend prior to the end of year one up to a maximum of five years, with a margin of 185 bps above three month LIBOR.

As previously noted, the Group intends to operate a flexible gearing strategy with respect to individual assets. Generally, the Group expects to utilise borrowings to a greater extent on individual assets with longer unexpired lease lengths, while assets with shorter lease terms are expected to be geared to a lesser extent.

Following drawdown of the loans, the Group's aggregate borrowings will be 45% of the Group's gross assets. As set out in the Company's investment policy, the Group's initial target level of aggregate borrowings is 45% of the Group's gross assets, once fully invested, with a medium term target of 40% of the Group's gross assets.

skinny - 11 Jun 2014 07:04 - 22 of 172

ACQUISITION & FINANCING OF DISTRIBUTION WAREHOUSE

The Board of Tritax Big Box REIT plc (LSE: BBOX) is pleased to announce that it has exchanged contracts for the acquisition of Next Group Plc's Regional Distribution Warehouse facility at West Moor Park, Doncaster for a purchase price of £60 million (net of acquisition costs), reflecting a net initial yield of 6.07% on the acquisition. The Board is also pleased to announce that the Company has signed an agreement with Barclays Bank PLC to provide £16.4 million of senior debt financing secured on the asset. This reflects a loan to value ratio of approximately 27%. Completion and drawdown of the loan facility is expected to take place on 17 June 2014. This asset is one of the two additional assets noted as being in advanced negotiations in the Company's announcement dated 30 May 2014.

The distribution warehouse was originally developed in 2003 and let to Next for a 20 year term without breaks. It incorporates modern design features including 17.5 metre eaves, office accommodation, cross docking, extensive and secure loading and car parking facilities and a low site cover of approximately 45%. The building was extended in 2005 to 755,052 sq ft of ground floor area; in addition, a first and second floor mezzanine storage area of 106,552 sq ft was installed, with a sophisticated automated storage system.

Doncaster is one of largest commercial centres in South Yorkshire and is also one of the most important distribution locations in the UK due to its excellent motorway and rail connections, as well as its close proximity to the Humber Ports.

The distribution warehouse is being acquired with an unexpired lease term of approximately 9 years, which is subject to five yearly upward only open market rent reviews with the next review scheduled for March 2018.

The debt financing is for a term of four years, with an option to extend prior to the end of year one up to a maximum of five years. The blended margin payable across the Company's financings to date is approximately 190 bps above three month LIBOR.

Roebuck Asset Management represented the Company. CBRE represented the vendor.

skinny - 18 Jun 2014 13:39 - 23 of 172

ACQUISITION & FINANCING OF MORRISONS RDC KENT

ACQUISITION AND FINANCING OF MORRISONS DISTRIBUTION CENTRE, SITTINGBOURNE FOR £97.8 MILLION

The Board of Tritax Big Box REIT plc (LSE: BBOX) is pleased to announce that it has exchanged contracts for the acquisition of the Wm Morrison Supermarkets plc South East Regional Distribution Centre at Sittingbourne, Kent for a purchase price of £97.8 million (net of acquisition costs), reflecting a net initial yield of 5.2% on the acquisition. The Board is also pleased to announce that the Company has signed an agreement with Barclays Bank PLC to provide £53.8 million of senior debt financing secured on the asset. This reflects a loan to value ratio of approximately 55%. Completion and drawdown of the loan facility is expected to take place on 24 June 2014. This asset is the second of the two additional assets noted as being in advanced negotiations in the Company's announcement dated 30 May 2014. The Company is now substantially fully invested.

The distribution facility was developed in 2009 and comprises 919,443 sq. ft. of ground floor area with low site cover of approximately 42%. It incorporates modern design features, including two large purpose built units which are used for 'ambient goods' and 'chilled food' respectively. Both buildings also have good energy efficiency standards. The distribution centre is strategically located with excellent transportation connections via road (M2 & M25), deepwater/port facilities (Tilbury and Thames Gateway) and the Channel Tunnel (Folkestone), which lies 31 miles to the south east for mainland Europe.

Sittingbourne has a strong industrial and growing logistics presence within the South East, benefiting from its close proximity to London and infrastructure and transport links.

The distribution centre is being acquired from Wm Morrison Supermarkets plc subject to a new leaseback agreement for 25 years and with annual rent reviews indexed to RPI (subject to a 2% cap).

The debt financing is for a term of five years, with an option to extend up to a maximum of seven years. Following drawdown of the loan, the Company's aggregate borrowings will be 45% of gross assets. The blended margin payable across the Company's financings to date is approximately 175 bps above three month LIBOR.

skinny - 20 Jun 2014 07:03 - 24 of 172

Proposed Fundraising

The Board of Directors (the "Board") of Tritax Big Box REIT plc (ticker: BBOX) (the "Company") announces that the Company is considering raising additional equity share capital through a placing, open offer and offer for subscription with a target fundraising size of £150 million, expected to close in July. As referred to in the Company's IPO prospectus, the Company also intends, at the same time, to transfer its listing from the Specialist Fund Market to the premium listing segment of the Official List of the UK Financial Conduct Authority.

The Company has successfully invested the proceeds of its initial £200 million fundraise and its subsequent £20.8 million placing in a portfolio of six Big Box assets let to institutional-grade tenants, with appropriate levels of debt drawn down against the assets in line with the Company's investment policy. The Board and the Manager believe that there is a strong pipeline of suitable new investment opportunities and the Company is in detailed discussions in relation to the potential acquisition of a number of additional assets.

A further announcement will be made in due course.

skinny - 08 Jul 2014 16:17 - 25 of 172

DIVIDEND DECLARATION

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared a dividend in respect of the period from admission of the share capital of the Company to trading on the Specialist Fund Market on 9 December 2013 to 30 June 2014 of 1.85 pence per Ordinary Share, payable on or around 8 August 2014 to Ordinary Shareholders on the register on 18 July 2014. The ex-dividend date will be 16 July 2014.
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