1 million sq ft logistics facility and pre-let
Tritax Big Box REIT plc
23 September 2026
1 million sq ft logistics facility and pre-let
Practical completion on 1 million sq ft logistics facility at Symmetry Park, Kettering
Announcement of pre-let to Amazon
Well positioned development platform benefitting from healthy occupier sentiment
23 September 2026, Tritax Big Box REIT plc ("Tritax Big Box" or "the Company"; ticker: BBOX) has reached practical completion of a 1 million sq ft logistics facility at Symmetry Park, Kettering, and lease commencement has occurred for the pre-let to Amazon.
Delivering attractive returns to investors
The facility was pre-let to Amazon and has been developed through Tritax Big Box's development programme.
· Let on a 20-year lease, with five-yearly index-linked rent reviews
· Delivers a yield on cost at the top end of our 6-8% guidance range and ahead of our original expectations
· Secures £9.8 million of annual rental income
Symmetry Park, Kettering extends to 136 acres, and the completion of this facility marks the delivery of all three committed buildings at the scheme, totalling 1.6 million sq ft. Alongside Amazon's facility, the park includes Iron Mountain's 0.3 million sq ft unit and a 0.3 million sq ft national distribution centre built for Greggs plc.
Supporting our client's long-term ambitions
The building has been delivered to a Grade A specification, achieving an EPC A rating and BREEAM Excellent certification, and meeting Net Zero Carbon in Construction standards in line with Tritax Big Box's approach to sustainable development across its portfolio.
Once fully operational, the facility is expected to support around 2,000 jobs, adding to employment opportunities across Kettering and the wider North Northamptonshire area.
Colin Godfrey, CEO of Tritax Big Box REIT plc, said:
"Reaching practical completion on this facility, Amazon's largest UK cross-dock warehouse, is a significant milestone for Symmetry Park, Kettering and for our relationship with Amazon. It provides further evidence of our strategy in action, delivering growing rental income for shareholders at an attractive yield on cost. Our market-leading land platform enables us to carefully match clients' requirements across building size, location and configuration, positioning us well to capture continued demand for high-quality logistics space."
For further information, please contact:
Tritax Group
Colin Godfrey, CEO +44 (0) 20 7993 9640
Frankie Whitehead, CFO bigboxir@tritax.co.uk
Ian Brown, Head of Corporate Strategy & Investor Relations
Kekst CNC
Tom Climie/Lucy Besser +44 (0) 7760 160 248 / +44 (0) 7779 873 440
tritax@kekstcnc.com
The Company's LEI is: 213800L6X88MIYPVR714.
Notes
Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK. Additionally, having adopted a "power first" approach, the Company has secured 507MW of power to support multiple data centre development schemes, as part of a total current pipeline of approximately 1GW of potential data centre opportunities, offering the scope to deliver exceptional returns on an accelerated basis.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 100, FTSE EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk
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