Tritax signs new leases on German, Belgian properties
Tritax Eurobox (GBP)
51.30p
16:35 25/04/24
2.19%
1.10p
Logistics real estate firm Tritax EuroBox on Tuesday said it had agreed new leases on two of its assets, adding a combined €1.3m in contracted annual rent.
FTSE 250
19,601.98
17:09 25/04/24
n/a
n/a
FTSE 350
4,434.34
17:09 25/04/24
n/a
n/a
FTSE All-Share
4,387.94
16:49 25/04/24
n/a
n/a
Real Estate Investment & Services
2,146.24
17:09 25/04/24
-0.77%
-16.66
The company said it had signed a new seven-year lease on its building near Frankfurt, Germany to an unnamed “established” logistics provider which would see rents grow by 24% to €3.1m.
It also let a building in Bornem, Belgium to an online grocery retailer on a nine year lease, generating €0.7m a year in rent initially, a rise of 14% on previous rents secured on the site.