MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Tritax EuroBox secures new five-year lease in Sweden

ALN

Tritax EuroBox PLC on Thursday said it has agreed to a new five-year lease at the first phase of its two-unit development in Rosersberg, a prime logistics location near Stockholm, Sweden.

The investor in Continental European logistics real estate said the letting is for the 5,007 square metre unit at its 13,611 square metre two-unit development close to Arlanda airport.

The five-year green lease has been secured with an unnamed ‘leading Scandinavian photovoltaic company’, beginning in March with a 100% consumer price inflation indexation. This will be reviewed annually and includes a further five-year extension option.

The rent has been agreed at 3% above the estimated rental value as of September and 20% above the underwrite level.

Tritax EuroBox Asset Management Director James Charlesworth said: ‘This letting successfully demonstrates our strategy of both identifying good speculative development opportunities and attracting strong customers to our high-quality, sustainable buildings, developed close to major population centres and with good transport connections. Securing this lease above ERV and rental guarantee levels to a new customer in a growing sub-sector, underlines the attractiveness of our assets.’

Shares in Tritax were up 0.3% at 58.90 pence each in London on Thursday morning.

Copyright 2024 Alliance News Ltd. All Rights Reserved.