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Decision on Tritax Big Box Heathrow data centre delayed by one month

ALN

Tritax Big Box REIT PLC on Wednesday noted a delay in receiving a UK government decision on its data centre plan.

London-based Tritax is a real estate investment trust focused on logistics properties in the UK.

It had previously expected a decision on its plans to build the Manor Farm data centre, near Heathrow, by Wednesday.

It now expects the decision by July 7.

‘The government has designated data centres as critical national infrastructure, and this scheme strongly supports the UK’s digital strategy. The probability of securing planning consent remains unchanged, and the board will continue to keep shareholders informed as the planning process progresses,’ Tritax said on Wednesday.

Manor Farm is set to be the company’s first foray into artificial intelligence infrastructure. The project is targeting a 107-megawatt capacity, with Tritax noting last month that the project is ‘primed for launch’ and expected to generate profit in 2026.

This potential, however, is conditional on planning approval and a pre-let of the site.

Tritax is also planning a second data centre in Chelmsford, for which it eyes a planning decision in the near term.

Back in May, the company reiterated its medium-term goal of growing adjusted earnings by 50% by 2030, partly through the ‘substantial’ opportunities it sees in the data centre market.

Tritax shares traded 1.0% higher at 145.40 pence on Wednesday morning in London, and are down 2.2% over the past year.

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