Aberdeen Investments is to take full control of Tritax, which oversees the listed Big Box Real Estate Investment Trust.
Tritax is an asset manager investing in critical supply chain real assets aligned with structural trends including digitisation, automation, urbanisation and green energy.
It runs the publicly listed FTSE 250 fund Tritax Big Box REIT plc – which has a current market value of more than £4 billion – as well as a growing suite of private market products. Together they own and manage assets across the UK to deliver logistics solutions for clients.
Since Scottish firm Aberdeen made its original investment under previous chief executive Stephen Bird, Tritax has grown assets under management from £5.1bn to around £9bn, while revenue has increased approximately 13%.
Aberdeen’s phased acquisition of Tritax will see it move from its current 60% interest to 80% in April 2026 and a 100% interest in 2029.
Tritax has promoted seven new partners from across the business: Hana Beard (company secretary), Mehdi Bourassi (CFO Tritax Management), Ian Brown (head of corporate strategy and IR), Chase French (head of data & modelling), Nick Ireland (fund manager – TLLF), Tim O’Reilly (head of strategic power) and Henry Stratton (head of research & strategy).
“Resilient supply chain infrastructure is critical to keeping the UK economy moving,” said Henry Franklin, COO at Tritax Management LLP.
“Aberdeen’s latest commitment marks an exciting next step for our business, enabling us to continue to capitalise on the compelling structural drivers in our sector with the long-term support of a leading global asset manager, whilst maintaining Tritax’s agile, entrepreneurial approach.
“I am delighted to welcome seven new partners from across the business, as we bring forward the next generation of talent.”
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The dedicated Big Box team continues to be led by Colin Godfrey (CEO) and Frankie Whitehead (CFO), who it says “remain fully committed until at least 2029 to delivering for our investors, clients and partners”.
“Having launched Tritax Big Box in 2013 with a passion and strong conviction in UK logistics real estate, I am proud of what we have achieved over the last 12 years to become the established FTSE 250 company we are today,” said Colin Godfrey, CEO of Tritax Big Box REIT plc.
“I am really excited to be continuing at the helm and remain focused on delivering on our strategic growth drivers: capturing record rental reversion, advancing our highly attractive logistics development pipeline, and leveraging opportunities to develop data centres with the potential for exceptional returns.”