Tritax Big Box REIT PLC

Capital/Financing Update • Dec 8, 2014

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RNS Number : 0775Z

Tritax Big Box REIT plc

08 December 2014

8 December 2014

TRITAX BIG BOX REIT PLC

(the "Company")

FINANCING OF DISTRIBUTION WAREHOUSE IN MELMERBY, NEAR RIPON, NORTH YORKSHIRE LEASED TO WOLSELEY UK

Further to the acquisition of the distribution warehouse in Melmerby, near Ripon, North Yorkshire let to Wolseley UK announced on 1 September 2014, the Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that the Company has signed an agreement with Santander UK plc to provide £5.5 million of senior debt financing secured on the asset. This reflects a loan to value ratio of approximately 43.4%.

The debt financing for the distribution warehouse is for a term of five years. The blended margin payable across the Company's financings to date is approximately 1.76% above three month LIBOR. Following drawdown of the loan, the Group's aggregate borrowings will be 34.0% of the Group's gross assets.

For further information, please contact:

Tritax Group Colin Godfrey (Partner, Fund Manager)	via Newgate Communications
Newgate Communications (Financial PR) James Benjamin Clotilde Gros Georgia Lewis	Tel: 020 7680 6550 Email: tritax@newgatecomms.com
Jefferies International Limited Gary Gould Stuart Klein Alex Collins	Tel: 020 7029 8000
Akur Limited Anthony Richardson Tom Frost Siobhan Sergeant	Tel: 020 7493 3631

NOTES:

Tritax Big Box REIT plc is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"). The Company invests in a portfolio of well-located, modern "Big Box" assets, typically greater than 500,000 sq. ft., let to institutional-grade tenants on long-term leases (typically between 12 and 25 years in length) with upward-only rent reviews (giving inflation linked earnings growth), and with geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand in high growth areas of the economy and limited stock supply. The Company is the first listed vehicle to give pure exposure to the "Big Box" asset class in the UK.

Further information on Tritax Big Box REIT is available at www.tritaxbigboxreitplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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