Taylor Wessing advises Tritax Big Box REIT on £370m acquisition of db Symmetry
Taylor Wessing has advised Tritax Big Box REIT plc ("Tritax") on its acquisition of an 87% economic interest in db Symmetry, which owns one of the UK’s largest strategic land portfolios for the development of Big Box real estate assets and related logistics facilities.
The acquisition, which attributes an enterprise value of £370 million to db Symmetry, is being funded with a mixture of equity and cash raised pursuant to a placing and open offer underwritten by Jefferies.