– UK, London – Tritax EuroBox Plc (LON: EBOX), which invests in Continental European logistics real estate assets, today announced the appointment of Eva-Lotta Sjöstedt as a Non-Executive Director with effect from 10 December 2019. Eva-Lotta will also join the Management Engagement Committee of the Board.
“I am delighted to welcome Eva-Lotta to the Board as a Non-Executive Director. She brings with her invaluable experience and in-depth knowledge of global retail, supply chains and digital transformation strategy, which will further strengthen the Board. We look forward to working with her,” said Robert Orr, Chairman.
About Eva-Lotta Sjöstedt
Eva-Lotta is a global senior executive with an in-depth knowledge of global retail, supply chain and digital transformation strategy, having served as CEO of Georg Jensen, a luxury jewellery and home Scandinavian design brand, and CEO of Karstadt, a German premium luxury department store chain. Prior to this, Eva-Lotta held various senior roles at IKEA over a ten-year period, including Deputy Global Retail Manager where she was responsible for the development and implementation of Ikea’s global omnichannel strategy, CEO of IKEA Holland and Deputy Retail Manager at IKEA Japan where she had responsibility for developing and growing the IKEA brand across Japan. Eva-Lotta is currently a Supervisory Board Member at METRO AG, a leading international wholesale and foodservice company.
About Tritax EuroBox Plc
Tritax EuroBox plc invests and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver 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, set against a backdrop of resurgent economic growth across much of Continental Europe.
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 sector. The appointed asset managers Logistics Capital Partners and Dietz AG are logistics specialists and offer the Company exposure to high-quality asset management expertise and access to their respective development pipelines, providing acquisition opportunities across Continental Europe.
The Company is targeting, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a., which is expected to increase progressively through regular indexation events inherent in underlying lease agreements, and a total return on the Ordinary Shares of 9.0% p.a.1 over the medium-term. The Company intends to pay dividends on a quarterly basis with shareholders able to receive dividends in Sterling or Euro.
For more information: https://www.tritax.co.uk
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