By Richard Hook2019-01-24T17:44:00
Tritax Big Box REIT has conditionally agreed to acquire an 87% controlling stake in fellow logistics giant db Symmetry.
The deal values the company at £370m.
The acquisition will be paid for through £202.4m in cash and £52.6m in consideration shares. Owner DBS HoldCo will also procure the repayment of £67.7m of deep discounted bonds owed by db Symmetry to DV4 Properties which have been used to fund land acquisitions, construction, developments and associated costs.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts