The Board of Tritax EuroBox plc ("EuroBox" or "the Company") announces that Nick Preston has stepped down as Fund Manager of the Company. Nick has been replaced by Phil Redding, a Partner of Tritax Management LLP ("Tritax").
Phil joined Tritax in November 2020 as Director of Investment Strategy, providing strategic investment advice across the four flagship Tritax funds. Prior to joining Tritax, Phil spent 25 years at SEGRO plc, holding the position of Chief Investment Officer from 2011 and was appointed to the Board as an Executive Director in 2013. Phil was responsible for SEGRO's pan-European investment strategy and implementation, playing an integral role in the company's repositioning and growth.
Robert Orr, Chairman of Tritax EuroBox plc, commented:
"Nick has been instrumental in the establishment of Tritax EuroBox plc and the creation of a high quality, resilient portfolio of prime logistics assets across continental Europe. My fellow Board members and I thank him for his contribution and wish him the best in his future endeavours.
Phil's extensive experience in the industrial and logistics sector, his deep knowledge of continental European markets, and the insights gained from his 25 year career at SEGRO, make him ideally suited to take on the leadership role at EuroBox and continue the delivery of our strategy. We remain focussed on delivering our short term priorities of reducing costs and covering the dividend and we remain confident in the outlook for the business."
For further information please contact:
+44 (0) 20 8051 5070
Jo Blackshaw (Investor Relations)
Ian Brown (Investor Relations)
Kekst CNC (Media enquiries)
Neil Maitland/Tom Climie
07971 578 507 / 07760 160 248
The Company's LEI is: 213800HK59N7H979QU33.
Tritax EuroBox plc invests in 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.
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.
Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk