Tritax Big Box raises £350M to fund data centre push
What's the deal? Tritax Big BoxDealroom has a profile for this one. Try Dealroom → REIT has raised gross proceeds of about £350 million through an equity issue, pricing 213,414,634 new ordinary shares at 164 pence each. The issue equals roughly 7.9% of the company's existing share capital.
What's the endgame? The UK-listed real estate group intends to use the net proceeds to unlock its enlarged pipeline of data centre development opportunities. It also expects the raise to enhance financial flexibility for logistics acquisitions.
Why now? Shares were priced at a discount to both the previous day's close and net asset value per share. The company expects the deal to be materially accretive to EPRA earnings and NTA per share in the medium term.
Admission of the new shares to the London Stock ExchangeDealroom has a profile for this one. Try Dealroom → is expected around 26 August 2026, subject to shareholder approval at a general meeting expected on 24 August 2026.
The signal: The £350 million raise underlines how logistics landlords are pivoting toward data centres to capture demand tied to power and infrastructure.
Read more: Investegate
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