Business
391,000 sq ft letting at Symmetry Park, Rugby
391,000 sq ft letting at Symmetry Park, Rugby.
About this update from Tritax Big Box Reit Plc
[{"type":"text","content":"\n\n391,000 sq ft development letting at Symmetry Park, Rugby\nTritax Big Box REIT plc (\"BBOX\" or \"the Company\") today announces that it has signed an agreement for lease with a leading data management company for its recently completed 391,000 sq ft logistics facility at Symmetry Park, Rugby (\"Unit 5\").\nKey highlights of the transaction include:\n- 15-year lease with open market rent reviews every five years;\n- Rental level sets a new high for the scheme, highlighting the strength of the location;\n- Expected yield-on-cost towards the upper end of our 6-8% guidance.\nUnit 5 has been built to net-zero carbon construction standards and has a BREEAM \"Excellent\" and EPC A+ rating.\nJonathan Wallis, Director, Tritax Big Box Developments, commented:\n\"Symmetry Park Rugby continues to be incredibly successful for Tritax Big Box, supplying best-in-class buildings and attracting strong clients into the portfolio. The latest letting underlines our insight-driven approach to development, delivering modern, high-quality buildings matched to occupier needs. We are seeing strong occupational interest in the remaining two units at Rugby, further demonstrating the quality of the location and the buildings themselves.\"\n \nFor further information, please contact:\nTritax Group Colin Godfrey, CEO Tel: +44 (0) 20 8051 5060\nFrankie Whitehead, CFO Email: [email protected] Ian Brown, Head of Corporate Strategy & Investor Relations\nKekst CNC Tom Climie / Guy Bates &nbs...