LONDON-- U.K. real estate investment company Tritax Big Box REIT
PLC (BBOX.LN) has exchanged contracts to buy a distribution center
in Doncaster for 48.5 million pounds and is in discussions with
owners of other assets.
The company said Thursday that it has signed an agreement with
Barclays PLC (BARC.LN) for GBP24.25 million of senior debt
financing secured on the asset.
It is considering a further equity fundraising to fund other
acquisitions, it said.
Tritax said its investment properties have been independently
valued at GBP516.1 million on October 31 , an increase of 4.9% from
the aggregate acquisition price.
Shares at 0911 GMT, down 1 pence, or 0.9%, at 109 pence valuing
the company at GBP397.7 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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