DBS HoldCo, a wholly-owned subsidiary of the Trtitax Big Box REIT, has conditionally agreed to acquire an 87 per cent. economic interest in db Symmetry for £370million, which owns one of the UK’s largest strategic land portfolios for the development of Big Box real estate assets and related logistics facilities.
The portfolio of New Assets includes both consented and strategic land, offering the Company phased access to a total new land portfolio of over 2,500 acres which the Board, the Proposed Director and the Manager believe will be capable of delivering approximately 38.2 million sq. ft. of Big Box assets across key logistics locations in the UK (subject to planning, as necessary), complementing the Company’s existing portfolio of 29.8 million sq. ft.
