Tritax Big Box REIT has revealed it has £1.2bn invested in major logistics warehouses in its latest report for the year ending 31 December 2015.
The company has 20 assets, with 11 new investments made this year and five prelet schemes, with a combined floor space of 13m sq ft.
Including a prelet to Rolls-Royce in Bognor, West Sussex, it has a contracted annual rental income of £68.2m and all leases provide for upward-only rent reviews.
The company has reported a share price total return of 20.9% for 2015 and 35.7% since its IPO in December 2013.
Tritax has a loan-to-value ratio of 34%, with a new five-year, £500m debt facility, £375m of which is currently drawn.
Tritax partner Colin Godfrey said: “As we look forward to 2016, we believe the imbalance between supply and demand of big-box assets is a theme which will continue to dominate the logistics sector, driving further market rental growth.”
