Tritax Big Box Acquires Prime Logistics Centre for £74.25 Million
Deal News | Feb 13, 2025 | Burges Salmon
Tritax Big Box, advised by independent UK law firm Burges Salmon, has successfully acquired a 626,000 sq ft distribution centre for £74.25 million from a private seller. Located at a key logistics hub on the M6 between Liverpool and Manchester, this state-of-the-art facility enhances Tritax's portfolio of prime logistics assets across the UK. This acquisition aligns with Tritax's long-term strategy of investing in high-quality logistics spaces that cater to the growing demand from occupiers. The deal highlights Burges Salmon's proficiency in handling high-value logistics real estate transactions, with a dedicated team from both its real estate and corporate sectors ensuring a smooth acquisition process.
Sectors
- Logistics and Distribution
- Real Estate
- Legal Services
Geography
- United Kingdom – The transaction and the companies involved are located in the UK, indicating a focus on UK real estate and logistics expansion.
- Liverpool-Manchester Corridor – The specific location of the logistics hub on the M6 corridor indicates its geographical importance.
Industry
- Logistics and Distribution – The acquisition of a large distribution centre highlights the logistics aspect of Tritax Big Box’s business.
- Real Estate – The transaction involves a significant real estate acquisition, which plays into real estate investment and management.
- Legal Services – Burges Salmon provided legal advisory services for the transaction, emphasizing the role of legal services in M&A deals.
Financials
- £74,250,000 – The purchase price for the distribution centre acquired by Tritax Big Box.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tritax Big Box REIT | Bidding Company | Company | A real estate investment company focusing on logistics assets in the UK. |
| Private Seller | Selling Company | Company | The previous owner of the distribution centre sold to Tritax Big Box. |
| Burges Salmon | Legal Advisor | Company | An independent UK law firm that advised Tritax Big Box on its acquisition. |
| Ross Polkinghorne | Legal Advisor (Partner) | Person | Partner at Burges Salmon, part of the team advising Tritax Big Box. |
| Aaron Hulait | Transaction Director | Person | Transaction Director at Tritax Big Box REIT. |
| Rhys Langley | Legal Advisor (Associate) | Person | Associate at Burges Salmon, part of the advising team. |
| Megan Long | Legal Advisor (Solicitor) | Person | Solicitor at Burges Salmon involved in the transaction. |
| AJ Venter | Legal Advisor (Partner) | Person | Partner in Burges Salmon's corporate team advising on the acquisition. |
| Oli Gingell | Legal Advisor (Senior Associate) | Person | Senior Associate at Burges Salmon in the corporate team advising on the acquisition. |
| Gregory Nash | Legal Advisor (Senior Associate) | Person | Senior Associate at Burges Salmon in the corporate team advising on the acquisition. |
| Scott Paterson | Legal Advisor (Associate) | Person | Associate at Burges Salmon in the corporate team advising on the acquisition. |