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Tritax Big Box REIT PLC on Friday said it had secured planning permission for the second phase of a logistics facility in the East Midlands. The London-based real estate investment trust focuses on logistics properties in the UK and is managed by Tritax Management, an investor in supply chain assets. Authorities have granted outline planning permission for phase two of Tritax Park Newark, consenting to up to 974,000 square feet of logistics space, which the company stresses will be ‘employment-led’. The Newark logistics park is located near the A46/A intersections and is being built in partnership with Simons Development. Phase two of the project involves buildings which range from 200,000 square feet to 460,000 square feet and will be able to accommodate institutional-grade occupiers, Tritax Big Box said. The wider scheme includes a 40-acre country park, the firm added, with a reserved matters application due for submission later this year, and the completion of buildings targeted from 2027. Under phase one, the company has let 400,000 square feet of space to FTSE 250-listed electronics retailer Currys PLC. Currys has renewed a separate lease of an existing facility for another ten years. Tritax Big Box in April reported the combined annual rental income from the new and extended leases as £9.5 million. ‘Securing outline planning permission for phase 2 at Tritax Park Newark represents another important milestone for the site and for our wider development pipeline,’ commented Charlie Withers, head of Development at Tritax Management LLP and director of Development at Tritax Big Box. ‘This planning consent enables us to bring forward high-quality, sustainable logistics space in response to occupier demand.’ Though its roots are in warehouses and logistics facilities, the company has recently shifted towards artificial intelligence infrastructure. On Wednesday, Tritax Big Box reported a development management agreement with Tritax Management LLP to deliver a 125-megawatt data centre scheme in Chelmsford, Essex, for which the company is awaiting planning permission. This is the second data centre in its pipeline. The first is Manor Farm, near Heathrow Airport, which has already been approved. Manor Farm is targeting a 107-megawatt capacity and is expected to generate profit in 2026. Tritax Big Box shares traded 0.1% higher at 152.70 pence on Friday afternoon in London, and are up 3.1% over the past year. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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