– UK, Bristol – Tritax Big Box REIT plc (LON: BBOX) today announced the appointment of Aubrey Adams OBE, current Senior Independent Director, as Chairman effect from the AGM in May 2021, succeeding Sir Richard Jewson who has informed the Board of his intention to retire as Chairman of the Company at the next AGM.
The Board would like to express its deep thanks to Sir Richard for his guidance, wisdom, and service and his significant contribution to the growth of the Company over the past seven years as Chairman and wish him all the very best for the future. During Sir Richard’s time as Chairman, he led the Company’s successful IPO in December 2013 and subsequent equity raises totaling £2.0 billion in aggregate and he has overseen the growth in value of the Company’s portfolio to £4.2 billion across 61 assets as at 30 June 2020, and the acquisition of Tritax Symmetry in February 2019.
Sir Richard Jewson KCVO JP, Chairman of Tritax Big Box REIT plc, commented: “It has been a privilege to serve as Chairman of Tritax Big Box REIT plc since IPO, working closely with an excellent Board and the outstanding Tritax Management team. Much has been achieved and the Company is well-positioned to make further progress.”
About Aubrey Adams
The Board is delighted to welcome Aubrey as Chairman, who brings over 40 years’ experience at board level in the real estate sector, including part of his executive career as chief executive of Savills plc for 17 years until 2008. He is currently Group Chair of L&Q Housing Trust, one of the largest housing associations in the UK. He previously chaired Max Property Group plc and was a non-executive director of The British Land Company PLC and senior independent director of Associated British Ports plc. Aubrey combines this extensive experience with his first-hand knowledge and understanding of the business and the Manager, having been appointed in September 2017 as Non-Executive Director and in March 2019 as Senior Independent Director.
Aubrey Adams OBE, Senior Independent Director, commented: “I am honored to accept the role of Chairman at Tritax Big Box REIT plc and, on behalf of the Board, I would like to express my deep thanks to Sir Richard for his invaluable contribution to the growth and success of the Company and for the strong legacy he leaves, a business in excellent condition and very well placed to continue to deliver resilient, growing and sustainable income and attractive capital growth. Sir Richard departs the business with our very best wishes.”
About Tritax Big Box REIT
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets in the UK and is committed to delivering attractive and sustainable returns for Shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development, and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.
For more information : https://www.tritaxbigbox.co.uk/
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