Deal Snapshot
TRITAX BIG BOX REIT ACQUIRES ROYAL MAIL DISTRIBUTION CENTRE IN ATHERSTONE, UK
Wednesday 13 September 2017

UK-based real estate investor Tritax Big Box REIT plc (LSE: BBOX) has acquired a regional distribution centre at Riversdale Road, Atherstone let to Royal Mail Group Ltd., the company said. Royal Mail Group is the main subsidiary of Royal Mail plc, one of the UK's largest postal and delivery companies and the UK's designated universal postal service provider.
The total consideration is GBP 32.68m (USD 43.40m), reflecting a net initial yield of 6.1% on the corporate acquisition. The purchase is being funded from equity.


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Details
Date Published: 13/09/2017
Target: Regional distribution centre at Riversdale Road, Atherstone let to Royal Mail Group
Country: UK
Deal Size: 43.40m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Tritax Big Box REIT
Comment:


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