ASI to acquire 60% interest in leading logistics real estate manager Tritax

10 December 2020

Aberdeen Standard Investments (ASI) and Tritax Management LLP (Tritax) announce that ASI will acquire a 60% interest in Tritax to strengthen the combined offering in the growing logistics real estate market.

Tritax is a specialist logistics real estate fund manager with assets under management of approximately £5.1bn throughout the UK and Europe. It has significant expertise within the logistics sector, from large warehouses occupied by major online retailers through to ‘last mile’, delivered by its experienced team. Among its mandates, Tritax manages two of Europe’s leading listed industrial logistics funds, Tritax Big Box REIT plc and Tritax EuroBox plc.

The logistics sector represents the intersection of real estate with innovation and advanced technology, such as robotics and AI. The sector has emerged as a dynamic and increasingly critical driver of the UK and European economies. The long-term structural changes across the sector, such as the shift to online shopping, the importance of delivery capabilities, technological developments and subsequent supply chain dynamics continue to strengthen ongoing investment into this space.

The investment signals a step change for ASI in this key growth area, fulfilling its strategy of providing deep sector specialism for its clients. This will further develop ASI Real Estate as a leading logistics real estate manager in the UK and Europe, ensuring it is ‘future fit’ and focused on parts of the real estate market that are set to benefit from long-term structural change.”

Source: Aberdeen