International law firm Taylor Wessing has advised Tritax Big Box REIT plc on its proposed placing, open offer and offer for subscription seeking to raise a target amount of £150 million, with the facility to increase to £250 million. Admission of the new shares to the Main Market of the London Stock Exchange is scheduled for 18 October 2016.

Jefferies International Limited represented Tritax as Sponsor, Sole Global Co-ordinator, Bookrunner and also as joint financial adviser with Akur Limited.

The team was led by Corporate Finance partner William Belcher, with support from James Homan, Lucy Bowler and Emma Casemore.

Taylor Wessing advised Tritax on its IPO in December 2013 and all subsequent equity issuances, raising £1.1 billion in total, together with 31 acquisitions and a group debt refinancing of £500 million in 2015.

Tritax Big Box REIT is a Real Estate Investment Trust investing in “Big Box” distribution centres. It is listed on the London Stock Exchange and a constituent of the FTSE 250 Index. It is the only listed vehicle giving pure exposure to the Big Box asset class in the UK, with a net asset value of approximately £1.3 billion.