Taylor Wessing advises Tritax Big Box REIT plc on acquisitions of warehouse and distribution centre units for a total consideration of £131.4m
Taylor Wessing has advised Tritax Big Box REIT plc on the acquisitions of Baljean Properties Limited and Ekistics Property 1 Unit Trust. Baljean Properties Limited is the holding company of a 900,000 sq.ft regional distribution centre in Castle Donington, Leicestershire, which was purpose built for Marks & Spencer. Tritax Big Box REIT plc paid a consideration of £82.6m. A consideration of £48.8m was paid for Ekistics Property 1 Unit Trust, the holding vehicle of a 585,000 sq.ft warehouse in Sherburn-in-Elmet, Leeds, which is let to J Sainsbury.