Tritax Big Box REIT ( (GB:BBOX) ) has issued an update.
Tritax Big Box REIT plc announced that Tritax Management LLP, under the terms of their Investment Management Agreement, has purchased 1,780,360 ordinary shares in the company. This acquisition, made on behalf of certain partners and employees, including persons discharging managerial responsibilities and abrdn Holdings Limited, reflects a strategic move to align management interests with shareholders. The shares were acquired at £1.4655 each, demonstrating confidence in the company’s market position and future prospects.
More about Tritax Big Box REIT
Tritax Big Box REIT plc is the largest listed investor in high-quality logistics warehouse assets in the UK, focusing on well-located, modern logistics assets typically let to institutional-grade clients on long-term leases. The company aims to deliver attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. It is a constituent of the FTSE 250, FTSE EPRA/NAREIT, and MSCI indices.
YTD Price Performance: 11.00%
Average Trading Volume: 7,175,211
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.65B
See more data about BBOX stock on TipRanks’ Stock Analysis page.