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 continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud