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Deal snapshot: TRITAX BIG BOX REIT TO ACQUIRE STAFFORDSHIRE LOGISTICS FACILITIES LET TO MARKS AND SPENCER.

MANews-(C)2009-2017

UK-based real estate investor Tritax Big Box REIT plc (LSE: BBOX) has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to British retailer Marks and Spencer plc, the company said.

The combined net purchase price is GBP 78.5m (USD 104.16m) and will be funded from equity. Stoke-on-Trent has attracted major distribution occupiers including Asda, JCB, Michelin, New Look, Sainsbury's and TK Maxx. This core logistics location has excellent connectivity to the M6 motorway for access to Birmingham and Manchester city airports and the port of Liverpool.

Country: UK

Sector: Construction/Real Estate

Target: Two logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire

Buyer: Tritax Big Box REIT

Vendor: ProLogis European Finance XI Sarl

Deal size in USD: 104.16m

Type: LBO

Financing: Cash

Status: Agreed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Oct 26, 2017
Words:146
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