Tritax Big Box REIT plc (BBOX.L) Wednesday said it has sold 235.7 million pounds worth or 50% of UKCM non-strategic assets at a 2.9% premium to December 2023 book value.
The company had completed the combination of UKCM, an externally-managed UK REIT, in May last year.
Additionally, 95.6 million pounds or 20% of assets are under offer, of which 68.4 million pounds or 14% is in solicitors' hands.
After the completion of disposals, non-strategic assets will represent less than 4% of total GAV. This compares with 8% at the time of acquisition completion.
"The capital from these disposals, and other ad hoc logistics assets disposals, supports the delivery of our attractive logistics pipeline as well as the exceptional returns through data centre development. In combination with capturing our record rental reversion, these three drivers provide the opportunity to more than double our rental income," said Colin Godfrey, CEO for Tritax Big Box.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.