Operations
The company owns, on behalf of its lessees, distribution centres across Europe the most significant of which is a large facility for the Spanish retailer, Mango, in Barcelona.[5][6] The company's portfolio was valued at £1.8 billion as at 30 September 2022.[1]
In September 2022, Tritax announced that the company had appointed Phil Redding, a previous partner at Tritax, to be fund manager of the company.[7]
British property investment company Segro made a takeover offer for Tritax in September 2024, but was outbid the following month by Canada's Brookfield Asset Management for an enterprise value of £1.1 billion.[8] The transaction was approved by the court on 6 December 2024, thereby allowing the deal to be completed.[9]
