Ashurst advises Jefferies, J.P. Morgan Cazenove and Akur in connection with Tritax Big Box REIT plc £300m placing

Ashurst has advised Jefferies International Limited (“Jefferies”), J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove (“J.P. Morgan Cazenove”) and Akur Limited (“Akur”) in connection with Tritax Big Box REIT plc’s (the “Company”) placing of new ordinary shares in the Company (the “Placing”) which announced on 29 September 2021.

Tritax Big Box REIT plc is a leading investor in and developer of high-quality large scale logistics real estate in the UK.

The Placing was conducted through an accelerated bookbuild by Jefferies and J.P. Morgan Cazenove, who are acting as joint bookrunners in connection with the Placing. Jefferies and J.P. Morgan Cazenove together with Akur are also acting as joint financial advisers to the Company.

The Company issued 147,058,823 new ordinary shares by way of the Placing, the retail offer of new ordinary shares via the PrimaryBid platform and the direct subscription for new ordinary shares by certain Directors of the Company, in each case at a price of 204 pence per new ordinary share, raising gross proceeds of approximately £300 million.

The Ashurst team was led by partner Simon Bullock, with support from partners Jeffrey Johnson and Bradley Rice, senior consultant Jeffrey Sultoon, senior associate Aimee Carroll-Hewitt and associate Elnaz Amiri.

/Public Release.