Tritax EuroBox continues growth with €82m German buy

Action Logistics

Tritax EuroBox has continued its acquisition of continental European logistics assets with the €81.6m (£72.7m) purchase of budget retailer Action’s German logistics hub.

The acquisition, at a net initial yield of 4.8%, is the first as part of Tritax EuroBox’s tie-up with Dietz which sees the latter act as asset manager for all EuroBox assets in Germany. The partnership also gives Tritax has access to the Dietz development pipeline.

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