Law firm Appleby advised Tritax Big Box REIT on the £90 million acquisition of a 872,000sq. ft. state-of-the-art distribution unit in Avonmouth.
Tritax Big Box REIT plc, a FTSE 250 real estate investment trust, is the only listed vehicle dedicated to investing in very large logistics warehouse assets in the UK with a focus on large, well-located, modern and sustainable buildings, let to high-quality customers on long-term leases.
The Appleby Jersey team were led by Corporate Partner, Andrew Weaver (shown in the main picture), assisted by Senior Associate Chris Smedley and Associate Mark Watson.
Speaking on the transaction Appleby Partner, Andrew Weaver commented: “We are pleased to have acted once again for the Tritax team on this significant acquisition which follows on from our work with them on their green bond issue last year, the first sterling green bond issued by a UK REIT.”
Colin Godfrey, CEO, Fund Management at Tritax, commented: “We are pleased once again to have the support of the team at Appleby in completing the acquisition of this key asset, let to one of the world’s largest wine companies by volume, in a strong and increasingly important location for logistics in the UK.”