The company has taken on more risk as returns from ‘big box’ assets have come under pressure
Thursday 31 Jan 2019 Author: Tom Sieber
The £332m acquisition by super-sized warehouse investor Tritax Big Box REIT ( BBOX ) of industrial land developer Db Symmetry represents a shift in the company’s strategy which could alienate some investors. Gigantic warehouses are becoming expensive to buy as a result of heightened competition for such assets. This is pushing yields on acquisitions of operational warehouses down to levels which would struggle to support the same level of...