Tritax EuroBox PLC New green lease agreed with Samsung SDS (5289I)
14 Dicembre 2020 - 10:09AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 5289I
Tritax EuroBox PLC
14 December 2020
14 December 2020
Tritax EuroBox plc
(the "Company")
NEW GREEN LEASE AGREED WITH HIGH QUALITY TENANT SAMSUNG SDS
The Board of Tritax EuroBox plc (tickers: EBOX (Sterling), BOXE
(Euro)), which invests in Continental European logistics real
estate assets, is delighted to announce the completion of a new
green lease at the Company's property in Breda, a prime logistics
location in the West Brabant region of the Netherlands.
This new, well-specified multi-let and sustainable property was
acquired by the Company in December 2019. The property has a gross
internal area of 46,022 sqm and is divided into four units, with
eaves height of 12 metres and with significant yard area and
parking. The property is sustainable with a BREEAM 'Very Good'
rating with solar panels across the entire roof and LED lighting,
providing the tenant with efficient and low carbon energy use.
Two units with a combined gross internal area of 20,415 sqm are
already leased to Abbott Logistics B.V., part of Abbott
Laboratories, on a 10-year lease term. The remaining two units
benefited from a 12-month third party rental guarantee to the
Company.
The Company has now let the two vacant units with a combined
gross internal area of 25,607 sqm to Samsung SDS Global SCL
Netherlands Coöperatief U.A., part of Samsung SDS, the IT arm of
the Samsung Group.
The lease has been agreed for a three-year term from 15 December
2020 at an initial annual headline rent 6% above the level of the
rental guarantee secured at acquisition. The new rent will be
subject to annual CPI uplifts reflecting 100% of the Dutch Consumer
Price Index
Sustainability is fundamental to the Company's ability to create
long-term value for shareholders and in line with its long-term
sustainability strategy. We have collaborated with Samsung to
include green clauses in the lease agreement to ensure the
commitment of the tenant to use the building in a sustainable way,
sharing data on energy, water consumption waste management and
recycling.
Securing this letting with such a high-quality tenant ahead of
the expiry of the rental guarantee further demonstrates the
strength of our properties and locations. Following the completion
of this new letting, the property is now fully let to Abbott
Logistics B.V. and Samsung SDS Global SCL Netherlands Coöperatief
U.A.
Alina Iorgulescu, Assistant Fund Manager of Tritax EuroBox,
commented:
"This letting further diversifies the portfolio by tenant
covenant and validates our strategy of buying high quality
sustainable assets, situated in prime logistics locations. These
locations experience strong occupier demand and constrained supply
as well as benefitting from the value of the Company's sector
specific expertise and local presence through its market-leading
asset managers with deep local knowledge. We look forward to a long
and productive relationship with Samsung in Breda. We are
particularly pleased to have signed our first green lease with a
company similarly committed to ESG principles."
For further information please contact:
Tritax Group
+44 (0) 20 8051 5070
Nick Preston
Mehdi Bourassi
Jo Blackshaw (Investor Relations)
Maitland/AMO (Media inquiries)
James Benjamin
+44 (0) 20 7379 5151
tritax-maitland@maitland.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified
portfolio of prime Continental European logistics real estate
assets that are delivering an attractive capital return and secure
income to shareholders. These assets fulfil key roles in the
logistics and distribution supply-chain focused on the most
established logistics markets and on the major population centres
across core Continental European countries.
Occupier demand for Continental European logistics assets is in
the midst of a major long-term structural change principally driven
by the growth of e-commerce. This is evidenced by technological
advancements, increased automation and supply-chain
optimisation.
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector.
Further information on Tritax EuroBox plc is available at
www.tritaxeurobox.co.uk
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END
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December 14, 2020 04:09 ET (09:09 GMT)
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