Tritax EuroBox IPO - Now CLOSED

Subscribe for future offers from Cornhill Capital

This offer is now closed however, you can subscribe to hear about future IPO’s and placings direct from Cornhill Capital. No obligation to trade.

By submitting your personal information, you agree that Cornhill Capital may contact you regarding relevant content, products and special offers. You also agree that your personal information may be processed in the United Kingdom, and that you have read and agree to our Privacy Policy.

The Tritax EuroBox IPO

23rd September 2018

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR TO ANY NATIONAL, RESIDENT OR CITIZEN OF THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM)

Tritax EuroBox IPO - Offer Overview

  • Market: Specialist Fund: London Stock Exchange
  • Raising: up to £300m
  • Price: 100p (fixed) (Euro equivalent to be determined on 3 July)
  • Initial Target Dividend Yield: 4.75%

Expected Timetable

  • Offer Open

    14th June 2018

  • Books Close:

    3rd July 2018 at 1pm

  • Allocation announced:

    4th July 2018

  • Trading begins:

    9th July 2018


About Tritax Eurobox Plc

Based in England and Wales, Tritax Eurobox PLC, is a newly established closed-ended investment company. The groups focus lies with investment in continental European logistics real estate assets.

Investment Policy
The investment objective of the company is to build a diverse portfolio of properties varying across geography and tenants. The company will seek to meet its investment objective through investment in, and management of a portfolio of, distribution or logistics assets in continental Europe. The investment process will take into account: asset characteristics, terms of lease, financial strength of tenant, potential for asset management and value-adding initiatives during lease term.

Highlights
  • The company aims to pay quarterly dividends which they expect to progressively increase.
  • Occupier demand for continental European logistics assets is in midst of a major long term structural change principally driven by the growth of e-commerce.
  • The Manager has identified a strong pipeline of high quality large scale logistics assets totalling in excess of €1.8 billion.
  • Management feels there is a favourable imbalance of supply and demand pointing to potential for rental growth.

Use of Proceeds
  • The company seeks to acquire and manage a well-diversified portfolio of Continental European logistics real estate assets.
  • Management has entered into advanced negotiations in respect of the acquisition of seven assets within its pipeline for an aggregate consideration in excess of €600m.

Risks*
  • Tritax EuroBox is newly formed and has not yet made any investments. Targeted returns are based on estimates and assumptions that are subject to uncertainties and contingencies and the actual rate of return may be materially lower than the targeted returns.
  • The companys performance is significantly correlated to the European economy and real estate market.
  • Concentration risk
  • The group may be unable to make planned acquisitions and face competition for potential targets.
  • The value of acquired properties may be significantly lower than the amount for which it was acquired if sufficient due diligence is not carried out or changes in market conditions.
  • Changes in tax laws and regulations may significantly impact the way the company operates, its revenues and/or profits.
  • The use of floating rate debt will expose the company to underlying interest rate movements.
  • Other risks associated with LSE listed stocks.

*Please note that these risks represent the judgement of Cornhill Capital, there may be additional risks represented in the prospectus


Offer Documents

Important information

Our service at a glance

Need more help?

Please complete if you require further information or help from a member of staff who will talk you through the process, alternatively please call the new issues team on 020 3700 2500 :

We value your privacy and would never spam you


Cornhill Capital Limited is authorised and regulated by the Financial Conduct Authority (FRN 449720) and a member of the London Stock Exchange, Nex Exchange & Nasdaq Copenhagen.
Registered in England and Wales under registered number 5267797. Registered Office: 4th Floor, 18 St Swithins Lane, London, EC4N 8AD.


See What Our Clients Have to Say

I have been dealing with Cornhill for two years now and I’m very happy with the service. I’m confident that my account manager has my interests at heart and I appreciate the personal attention provided. I also get access to new issues, placings and market information usually only available to institutional investors. I would recommend Cornhill to active investors.

Mr. James Private Investor

Cornhill provide an excellent service for clients wishing to invest in IPOs and placings which are not generally available through the large retail client stock brokers. The terms and discounts available are generally the same as those offered to institutional investors, furthermore the AIM quoted investment opportunities often qualify or EIS tax reliefs.

Mr. Tim Private Investor

Risk Warning pre-IPO’s, IPO’s & Secondary Issues

Investments in pre-IPO’s and IPO’s involve a high degree of risk and are not suitable for all investors. A pre-IPO issue is the funding given to the company before listing. There is no guarantee that the company will list, but if it does then there is normally an increase from the pre-IPO to the IPO price, representing a profit. However, even when a company is listed on, say,  the AIM market, it is considered to be a high-risk investment, and will have wider spreads on price and be more illiquid and it may be difficult to sell the shares on a short-term basis and in some circumstances it may be difficult to sell at any price. All investments made into an IPO or new issue or in a secondary issue should always be made solely on the basis of the information provided in the relevant prospectus and any other supplementary documentation. The specific risks will be detailed in the prospectus but the value of your investment can go down as well as up and you may not get back the money you invested.  You should be sure that you fully understand the purpose of, and the reason for, the fundraising. Before you decide to invest you should obtain information regarding the business plan and note the risk factors. If you have any doubts about the suitability of an investment you should seek professional advice.

This announcement has been published by Cornhill Capital Limited.