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.

The acquisitions follow the listing of Tritax Big Box REIT plc on the Specialist Fund Market of the London Stock Exchange and the Channel Island Stock Exchange, raising £200m before expenses, on which Taylor Wessing also advised.

The two teams were led by William Belcher and comprised Michelle Davis and Jennifer Dingley (Corporate Finance); James Stewart (Tax); Mark Bennett, Emma Oakley and Elena Solaro (Real Estate); Al Watson and Sarah Strange (Construction); Martin Yells and Christina Kelly (Finance) and Holly Grundon (Planning).