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Board of Directors

The Company has a fully independent Board of Non-Executive Directors (the “Directors”) with a diverse range of skills, including extensive European real estate experience, and is chaired by Robert Orr, the former European Chief Executive Officer of Jones Lang LaSalle.

The Directors, all of whom are non-executive and independent of the Manager are responsible for the determination of the Investment Policy and have overall responsibility for the Company’s activities including its investment activities, reviewing the performance of the Company’s portfolio and for overseeing the performance of the Manager.

Robert Orr
Keith Mansfield
Taco de Groot

The Manager

The Company’s Manager is Tritax Management LLP and is part of the Tritax Group, the leading real estate fund management house. Since 1995, the Tritax Group has acquired and developed approximately £6.0 billion of commercial property assets across multiple sectors including Big Box assets, industrial properties, office, retail and hotels.

As at 31 March 2019, the Tritax Group had total assets under management with an acquisition value of approximately £4.5 billion (including the Company), consisting of over 38.4 million sq ft  of real estate assets. Tritax has a particular specialisation in the acquisition and management of logistics property portfolios, most notably through Tritax Big Box REIT plc, a UK FTSE 250 REIT launched in December 2013.

Tritax is headquartered in London with over 30 professionals. It is authorised and regulated by the FCA.

Nick Preston
James Dunlop
Henry Franklin
Mark Shaw
Colin Godfrey
Petrina Austin
Bjorn Hobart
Ben Freeman
Mehdi Bourassi
Alina Iorgulescu
Freddie James
Anisha D’Cruz
Mehtab Rauf
Hana Beard

A dedicated team with European platform

The Manager has in place an experienced team with the capability and capacity to build up and manage a substantial portfolio of logistics assets across Continental Europe. This team also has the ability to access off-market transactions in the logistics real estate sector through an extensive and established network across the UK and Continental Europe.

Nick Preston, who will have overall responsibility for the provision of investment management and advisory services to the Company, has over 25 years of experience in institutional fund management, across a wide range of property subsectors including the logistics sector. He has managed a wide range of funds and portfolios, principally for institutional investors. James Dunlop will focus on the acquisition of assets using his extensive contacts within the logistics market in the UK and Continental Europe.

The Manager 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.

The appointed asset managers Logistics Capital Partners (“LCP”) and Dietz AG (“Dietz”) are logistics specialists and will be able to offer the Company exposure to high quality asset management expertise and access to their respective development pipelines, providing acquisition opportunities across Continental Europe. CBRE Limited (“CBRE”) will provide property management services to the Company.

Logistics Capital Partners (“LCP”): LCP is an established pan-European provider of project development and asset management services for logistics real estate in Europe with offices in the UK, the Netherlands, Belgium, Italy, Spain and Luxembourg, employing 18 staff.

LCP’s partnership team have extensive experience in the investment, development and occupier sectors of the logistics market. LCP exclusively control c.60 hectares land in Europe with c.55,000 sq m currently under construction and an active pipeline of standing investment opportunities totalling several hundred million Euro in asset value. For more information see its website.

Key Senior Team

Kristof Verstraeten
James Markby
Andrea Benvenuti

Dietz AG (“Dietz”): Dietz is a full service real estate company with a focus on the German logistics market. Dietz has over 40 years of experience covering a wide range of services including development and asset management and will cover asset management activities for EuroBox in Germany. Dietz have assets under management of c.€1.3 billion comprising 81 properties across Germany totalling a rental area of 1.9 million sq m.

Tenant relationships include Daimler AG, Deutsche Post Immobilien, Hermes, FedEx, DHL, VolkeswagenLogistics, BMW, Kuehne & Nagel and Siemens and REWE. For more information see its website.

Key Senior Team

Dr Wolfgang Dietz
Dr Hafez Balaei
Johannes Jansen

Responsible Business

We understand that our responsibility to society is broader than simply generating financial returns for Shareholders. Our Manager’s Corporate Social Responsibility Committee are responsible for driving forward our objectives and will be updating and building on our approach to Environmental, Social and Governance (ESG) matters. We will be updating this page with further policies, strategies and snapshots of our progress.

Investing in large, modern warehouses is part of our Investment Strategy. Through this approach to acquiring assets, we are building a portfolio of assets which have been designed to mitigate their impact on the environment. We are actively looking into environmental initiatives to assets that we can undertake in partnership with occupiers and support our occupiers to make changes that improve the environmental efficiency.

Our asset in Lliçà d’Amunt, Barcelona, highlights the ways in which our effort to choose mainly modern assets to add to our Portfolio means that they have more advanced attention to environmental impact. During construction, the excavation lands were reused for the creation of different logistics plots, landscaped areas and roads. The area surrounding the logistics park includes specifically designed water tanks that collect rainwater to be used onsite, with the addition of a reservoir that was designed with biodiversity and the natural habitat in mind.

In terms of reducing the environmental impact coming from vehicles, this asset has charging ports for electric cars, a free bus shuttle service and to get around on the site, employees use bicycles, electric bikes and segways. The occupier has also taken steps to improve energy efficiency in its operations: they have a consumption control system that adjusts the power supplied according to operational needs. This asset has an EPC rating of A.

Our Social approach involves focussing on positive relationships with occupiers and awareness of issues that affect them and their local communities. We are very communicative with our occupiers including through regular site visits. Through such a visit to our Lliçà d’Amunt asset, we discovered the occupier wanted to have more greenery and trees. We worked alongside them to make this happen and improve the well-being of their employees as well as improvements to the natural habitat.

Many of our occupiers are engaged in productive and positive initiatives with their local communities. At our Passo Corese site, Amazon has worked alongside the local community, partnering with an environmental college to plant olive trees, Judas trees and a vegetable garden. Additionally, they have also installed 50 beehives on the site. Land that would otherwise be unutilised is transformed into being productive and environmentally friendly. This creates positive links with the local community and improves environmental education through interactive means.

Our Community Engagement is an aspect of our increased focus on ESG for the coming year and we are keen to build on positive work already in action through partnerships and community engagement.

Our Manager’s Corporate Social Responsibility Committee brings together the enthusiasm and expertise of different people from across the business. Our joint aim is to further integrate ESG related matters into all areas of the business. The Committee will oversee this process.

Whilst we don’t have any employees, the Manager has policies included in the Employee Handbook covering their Equal Opportunities Policy, Disability Discrimination Policy, Health and Safety Policy, Data-Protection Policy and their Whistle-Blowing Policy.