Tritax Big Box REIT purchased an 87% stake in db symmetry in February 2019. The purchase price of £370m is part funded by a £250m placement of new shares. The senior management of db symmetry will retain a 13% stake in the new business.
db symmetry was originally formed in 2014 as a UK joint venture through the purchase of a 60% holding in Barwood Developments Limited (founded in 1996) by clients advised by Delancey; a specialist real estate investment, development and advisory company.
The company has a land portfolio comprising 3,100 acres, capable of accommodating over 9.2 million sq ft of B8 logistics space, with planning consent being sought for a further 36.6 million sq ft
The portfolio is extremely well located, concentrated around the main motorway arteries of the UK and primarily around the ‘Golden Triangle’ of the M1 and M40 and the North West’s prime M6 and M62 corridors.
For further detail please visit www.dbsymmetry.com.