Tritax Big Box bags £350m in ninth cap raise

By Jon Hay
11 May 2017

Tritax Big Box Reit, the real estate investment trust that owns large UK logistics warehouses, raised £350m on Thursday as it closed its latest equity capital raising oversubscribed, at an increased size.

The FTSE 250 company raised £200m at its IPO in December 2013, and since then has issued fresh capital eight times to finance its growth. Before this latest deal it had a £1.6bn market cap and was trading at 147p a share, up 47% from the listing price.

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