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. 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.
Retail warehousing is now at the centre of omnichannel trading strategies and is essential to enabling faster and more efficient commerce both 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.
£0m
£0.7m
0k
0.1 yrs
MetroBox has assembled 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.
58 acres
In prime locations
72%
South East
225K
(15 minute drive-time)
Guildford’s only retail park, benefitting from one of the most affluent catchments in the UK. Well located off the A3 with an attractive and diverse mix of tenants.
A busy park strategically located adjacent to Luton Parkway Rail Station (for commuter access to Central London and Luton International Airport) with significant value-add opportunities.
A prominent park benefitting from a huge catchment in one of Birmingham's most affluent suburbs that has recently benefitted from an extensive refurbishment.
An established, dominant park close to Gatwick Airport. County Oak has a strong tenant base underpinned by a lack of competition.
Strategically located retail park off the A24 in an area of significant population growth underpinning future trade. Strong medium term redevelopment potential with alternative use demand.
We believe that a rigorous focus on sustainability will ensure our long-term viability and commercial success. Find out more.
MetroBox leverages a unique strategic partnership that combines Tritax Group’s 25-year track record specialising in the acquisition and management of high performing logistics property portfolios, with Delancey’s investment and strategic oversight and retail expertise.
Deep sector insight and collaborative occupier relationships, together with our thorough understanding of real estate fundamentals inform our investment and asset management strategies, ensuring that as a team we are best placed to acquire and transition undervalued traditional retail warehousing assets to urban Metro Boxes.
James Charlesworth Asset Manager
James joined Tritax in April 2020 as Asset Manager to the MetroBox Fund with an established track record in retail park asset management. He is responsible for all investor property reporting, the management of third-party professionals and identifying and progressing value enhancing initiatives.
Chase French Head of Financial Modelling and Portfolio Analytics
Chase joined Tritax in 2019 to lead the Group's financial modelling and portfolio analytics function. Specialising in computational finance, leveraging and programming, Chase is responsible for delivering data driven insights with the objective of optimising MetroBox's investment strategy and profitability.
Alasdair Mason Financial Controller
Alasdair joined Tritax in 2020 and acts as the Fund Controller for MetroBox. He is responsible or all aspects of finance in relation to the Fund including financial modelling, portfolio analysis, financial reporting, debt advisory and covenant analysis.
Alasdair qualified as an ACA with PwC in 2015 primarily focusing on asset management and equity audits. He gained further listed and regulatory experience with T.Rowe Price in the internal audit team focusing on the EMEA and APAC regions as well as the equity and fixed income divisions. He was then FInancial Controller at CMC Markets, a listed financial derivatives dealer before making the move to Tritax.
Ed Plumley Assistant Fund Manager
As Assistant Fund Manager for MetroBox, Ed is responsible for assisting with acquisitions and disposals, portfolio analysis and due diligence work streams. Ed also oversees fund administration.
Ed brings extensive experience in the logistics sector having held the appointment of Assistant Fund Manager for Tritax Big Box REIT Plc, prior to joining MetroBox.
James Watson Partner, Fund Manager
James joined Tritax in January 2020. As Fund Manager, he is responsible for the management of the Fund and implementation of its investment objectives.
James brings 27 years’ experience operating in the property capital markets and is a leading expert in the UK grocery sector, sale & leaseback transactions and post-digital retail.Through his previous roles he has an extensive network of contacts with landlords, retailers and analysts.
An unprecedented level of personal saving has been generated during the pandemic because of concerns about job security and also the lower cost of working from home, living in lockdown and ‘staycations’. Now that life in the UK is gradually returning to what it was prior to March 2020, James Watson looks at how an estimated £200bn of excess savings may be spent, and what impact that could have on commercial environments across the country and the supply chain that serves them.
MetroBox Fund Manager, James Watson explores how existing store portfolios have a significant role to play in meeting consumer demand for ‘real time retail’.
Your capital is at risk. See individual fund pages for further details.
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