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Logistics names in focus
This is the equivalent area covered by the logistics-focused Tritax Big Box REIT’s (BBOX) 18.2 million square foot portfolio. Tritax owns and rents out huge warehouses to well-known companies including Amazon (AMZN:NDQ) and Tesco (TSCO). A 19 January update suggested demand continues ‘unabated’. It could soon have a larger rival with private equity firm Blackstone reported to be looking to list warehouse business Logicor on the London Stock Exchange this year, potentially attracting a value in the region of £11bn.