Tritax EuroBox PLC New lease agreement (1797Z)
2023年5月12日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMEBOX TIDMBOXE
RNS Number : 1797Z
Tritax EuroBox PLC
12 May 2023
New lease agreed on recently completed 36,000 sqm high-quality
warehouse in Dormagen, Germany
Tritax EuroBox plc (the "Company"; tickers: EBOX (Sterling),
BOXE (Euro)), which invests in Continental European logistics real
estate assets, has agreed a new 10-year green lease to a leading
logistics company at the Company's recently completed property in
Dormagen, a prime logistics location in the Düsseldorf region of
Germany.
Summary
-- 36,000 sqm sustainable building, which will be let in its entirety
-- Constructed by Dietz AG, a preferred developer-partner of the Company
-- 10-year lease, with 100% CPI indexation, reviewed annually
-- The letting is 17.8% above the rental guarantee level,
increasing the annualised rental income by EUR0.5m
-- Agreed with a leading logistics company, with a broad range
of capabilities including ecommerce expertise, reverse logistics
and manufacturing support
-- Green lease clauses agreed with the customer to use the
building in a sustainable way along with an obligation to share
resource usage data. The Company is now entering discussions with
the new customer for a substantial solar scheme
Detail
This speculative forward funding was acquired by the Company in
March 2022, with the development reaching completion at the end of
March 2023. The property has a gross internal area of 36,000 sqm
and significant external space. The letting was signed within five
weeks of practical completion.
The customer is a world leader in providing cutting-edge
logistics solutions for multinational companies and blue-chip
market leaders. Securing this letting with a high-quality customer,
ahead of the expiry of the rental guarantee, further demonstrates
the strength of our properties and locations.
Sustainability
The project was a brownfield regeneration of a former concrete
block factory, which had been vacant since 2006. The property is
sustainable, targeting a DGNB Gold Certification and affording the
opportunity to coordinate a substantial PV project with the new
occupier.
As well as improving the urban environment and providing new
employment opportunities, the building specification is of a high
ESG standard to achieve good energy performance in line with German
regulations. Further, we have collaborated with the customer to
include green clauses in the lease agreement to ensure a commitment
to use the building in a sustainable way, sharing data on energy,
water consumption, waste management and recycling.
Management commentary
Alina Iorgulescu, Investment Director of Tritax EuroBox plc,
commented:
"This letting further enhances the resilience of our portfolio
and demonstrates the strength of our strategy of buying
high-quality sustainable assets in prime logistics locations and
securing long leases with high-calibre customers. The agreement
showcases the successful delivery of an excellent property, which
was let immediately above the underwritten level, reducing the risk
within the portfolio, and enhancing returns. "
Further information
Tritax EuroBox plc
+44 (0) 20 8051 5070
Phil Redding - CEO
Mehdi Bourassi - CFO
Charles Chalkly / Ian Brown - Investor Relations
Kekst CNC (Media enquiries)
Neil Maitland / Tom Climie
+44 (0) 7971 578 507 / +44 (0) 7760 160 248
tritax@kekstcnc.com
Notes:
Further information on the Company is available at:
tritaxeurobox.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
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END
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May 12, 2023 02:00 ET (06:00 GMT)
Tritax Eurobox (LSE:BOXE)
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Tritax Eurobox (LSE:BOXE)
過去 株価チャート
から 5 2023 まで 5 2024