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Tritax Big Box REIT PLC on Wednesday reported a development management agreement with Tritax Management LLP to deliver a 125-megawatt data centre scheme at Chelmsford in Essex. The London-based real estate investment trust is focused on logistics properties in the UK, and is managed by Tritax Management, a full-service investor in supply chain real assets. Tritax Big Box noted this scheme is the second in its data centre pipeline, with this agreement emulating current arrangements for the delivery of its first data centre scheme at Manor Farm, Heathrow. The real estate investment trust explained that Tritax Management has been appointed to provide technical services and development management. In line with its first scheme, Tritax Big Box said it will receive a payment of around £3.3 million regarding project assembly services to date at the Chelmsford scheme. The real estate investment trust added that it will also receive a development management fee of up to 5% of the development cost of the scheme as well as a profit share of 17.5% of development profits. Tritax Big Box noted the development fee is contingent upon receiving planning consent, while the profit share requires full delivery of a ‘practically completed and let data centre’. Tritax Big Box noted 50% of the manager’s profit share payment will be applied to the acquisition or subscription of shares in the company. The company added that its targeted yield of cost for this scheme of 10% to 11% includes these payments. Shares in Tritax Big Box were trading 0.9% higher at 154.80 pence on Wednesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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