Notes: Tritax EuroBox plc invests in and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are delivering an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries. Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation. The Company s Manager, Tritax Management LLP, has assembled a full-service European logistics asset management capability including specialist on the ground asset and property managers with strong market standings in the Continental European logistics
Neil Slater By Scott Wright ABERDEEN Standard Investments has highlighted the shift to online shopping, which has rapidly accelerated during the coronavirus pandemic, as it acquired a majority stake in a specialist logistics fund manager. The Edinburgh-based investment giant has bought an initial 60 per cent stake in Tritax Management, which has around £5.1 billion of assets under management throughout the UK and Europe. The value of the deal was not disclosed. ASI, the main fund management arm of Standard Life Aberdeen, noted that Tritax has “significant expertise” in the logistics sector, from large warehouses occupied by major online retailers through to ‘last mile’.
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Standard Life buys stake in £5bn fund manager Tritax thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.