MetroBox is a JV between Tritax Group and Delancey that seeks to deliver compelling investment returns by investing in and actively repurposing high performing, undervalued urban retail warehousing.
£290m
Across Six retail parks
797k sq ft
High-performing retail & logistics space
£22.7m
At purchase
6.1 yrs
Weighted Average Unexpired Lease Term
Launched in 2019, MetroBox’s investment strategy is focused on strategically located retail warehouses that play an increasingly elevated role in post digital supply chains.
Such assets are now at the centre of ’ omnichannel trading strategies and essential to enabling faster and more efficient commerce offline and online. These urban warehouses offer occupiers cost effective, flexible space which is perfectly placed to accommodate the consumer’s increasingly demanding delivery expectations.
MetroBox has constructed a seed portfolio of six leading retail warehouse parks predominantly situated in core south-east locations.
Each of these strategically located, high-performing parks, offer well-specified retail warehouse space that is well placed to accommodate modern operational requirements. We identify and execute transitional asset management initiatives to deliver a new hybrid of retail warehousing with enhanced logistics functionality, offering occupiers last mile omnichannel capabilitity under one roof.
Through the funds we manage, we have unique oversight of the UK logistics sector. From Big Boxes to urban MetroBoxes our expertise spans the entire supply chain, this allows us to foster close, collaborative relationships with our ocupiers.
This deep sector insight, along with our thorough understanding of real estate fundamentals inform our investment and asset management strategies, ensuring that we are best placed to acquire and transition undervalued traditional retail warehousing assets to urban MetroBoxes.
In line with the Fund’s investment strategy and leveraging form our strong occupier relationships and insight driven approach, we have constructed a portfolio of six prime UK retail warehouse parks.
Predominantly located in the south-east, these best-in-class retail warehouse assets are well positioned to capitalise on the structural shift in the retail and logistics property markets and provide a solid foundation for long-term investment performance.
South East
to average catchment
The only retail park in the affluent town of Guildford.Well located off the A3 with an attractive and diverse mix of tenants. Currently there is potential to re-let one unit for logistics and/or retail use.
An extremely busy park strategically located adjacent to Luton Parkway Rail Station with significant grocery & logistics value-add opportunities.
A prominent retail park benefitting from a recent, extensive refurbishment.
The only large retail park and dominant in the affluent town of Crawley, close to Gatwick airport. A strong tenant base underpinned by lack of competition in and out of town.
A modern, purpose built retail park with excellent frontage to the A4 Bath Road. Tenants trade well in this location, with good tenant demand for the former Pizza Hut unit and potential interest from logistics operators.
Strategically located retail park off the A24 adjacent to an area to the west with a significant increase in new housing stock thereby underpinning future trade.Strong medium term redevelopment potential with alternative use demand.
MetroBox seeks to leverage on the structural shift occurring within the retail and logistics real estate markets
MetroBox is a JV between Tritax Group and Delancey that seeks to deliver compelling investment returns by investing in and actively repurposing high performing, undervalued urban retail warehousing.
MetroBox’s investment team has day-to-day responsibility for the investigation of opportunities and execution of acquisitions and disposals as well as the management of the portfolio.
James Watson Partner, Fund Manager, MetroBox
James joined Tritax in January 2020. As Fund Manager to MetroBox, he is responsible for the day-to-day management of the fund and implementation of its investment objectives.
Tritax Group, the market leading property investment manager, announces the…
James Dunlop Partner, CEO Investment
As Partner and joint CEO, James is responsible for identifying, sourcing and structuring suitable investment assets for the company as well as handling the disposal of assets.
Aberdeen Standard Investments (ASI) and Tritax Management LLP (Tritax) announce…
James Charlesworth Asset Manager, MetroBox
James joined Tritax in April 2020 as Asset Manager to the MetroBox Fund. He is responsible for all investor property reporting, the management of third-party professionals and identifying and progressing value enhancing initiatives.
Tritax Group, the market leading property investment manager, announces the…
Ed Plumley Assistant Fund Manager - MetroBox
As Assistant Fund Manager for MetroBox, Ed is responsible for assisting with acquisitions and disposals, debt origination, financial modelling, portfolio analysis and due diligence work streams. Ed also oversees fund administration.
Tritax Group, the market leading property investment manager, announces the…
Alasdair Mason Financial Controller
Aberdeen Standard Investments (ASI) and Tritax Management LLP (Tritax) announce…
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