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An update from Tritax Big Box REIT ( (GB:BBOX) ) is now available.
Tritax Big Box REIT has acquired a 74-acre site at Heathrow for a major data centre project within the Slough Availability Zone, a prime EMEA location. The project involves the development of a 147 MW data centre in phases, with Phase 1 expected to be completed by 2027. The company has entered a joint venture to accelerate power delivery, aiming for a yield-on-cost of 9.3%. This initiative positions Tritax Big Box at a competitive advantage in the rapidly growing data centre market, addressing strong demand amidst limited supply.
More about Tritax Big Box REIT
Tritax Big Box REIT plc is a company operating in the real estate investment trust sector, focusing on large scale logistics buildings. It is expanding into the data centre market, targeting high-return investments and leveraging its strong track record in developing sophisticated infrastructure for demanding clients.
YTD Price Performance: 5.05%
Average Trading Volume: 6,353,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.46B
Find detailed analytics on BBOX stock on TipRanks’ Stock Analysis page.
