Tritax Eurobox targets €150m sales to reduce LTV

Phil Redding

Continental warehouse groupTritax Eurobox is targeting at least €150m (£130.4m) of disposals to reduce its loan-to-value (LTV) ratio, it can be exclusively revealed.

Speaking after the publication of the group’s half-year figures, which showed its LTV ratio had increased 9.7 points to 44.9%, fund manager Phil Redding told Property Week that Tritax was seeking to sell around 10% of its portfolio with a year to 18 months.

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