Tritax EuroBox
Property company of the United Kingdom
From Wikipedia, the free encyclopedia
Tritax EuroBox plc is a British property investment company that invests in distribution centres across Europe. It was listed on the London Stock Exchange until it was acquired by Brookfield Asset Management in December 2024.
| |
| Company type | Public limited company |
|---|---|
| LSE: EBOX | |
| Industry | Property investment |
| Founded | 2018 |
| Headquarters | , |
Key people | Richard Orr (Chairman) |
| Revenue |  €79.9 million [1] (2023) |
 €(238.77) million (2023)[1] (2023) | |
| €(229.79) million (2023)[1] (2023) | |
| Parent | Brookfield Asset Management |
| Website | www |
History
The company is managed by Tritax, a property management business, formed in 1995.[2] It was the subject of an initial public offering raising £300 million in July 2018.[3] It raised a further £170 million in September 2021.[4]
Operations
The company owns, on behalf of its lessees, distribution centres across Europe the most significant of which is a large facility for the Spanish retailer, Mango, in Barcelona.[5][6] The company's portfolio was valued at £1.8 billion as at 30 September 2022.[1]
In September 2022, Tritax announced that the company had appointed Phil Redding, a previous partner at Tritax, to be fund manager of the company.[7]
British property investment company Segro made a takeover offer for Tritax in September 2024, but was outbid the following month by Canada's Brookfield Asset Management for an enterprise value of £1.1 billion.[8] The transaction was approved by the court on 6 December 2024, thereby allowing the deal to be completed.[9]