Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Tritax EuroBox secures new lease near Stockholm
(Sharecast News) - Tritax EuroBox announced a new lease agreement for a five-year term on Thursday at its two-unit development in Rosersberg, near Stockholm. The FTSE 250 company said the lease was secured with a leading Scandinavian photovoltaic company, marking a significant addition to the company's portfolio.
It covers a 5,007 square metre unit within the 13,611 square metre development, strategically located in close proximity to Arlanda airport, a well-established logistics and industrial hub 32 kilometres north of Stockholm.
The lease is set to start in March, and includes 100% consumer price index (CPI) indexation, subject to annual review, along with an option for a further five-year extension.
Tritax said the agreed rent for the lease stands at 3% above the estimated rental value (ERV) as of September, and 20% above the underwrite level.
The building itself was designed with sustainability in mind, featuring electric vehicle charging stations and other eco-friendly attributes to minimise its environmental footprint.
Additionally, it said the development was striving for a BREEAM 'Very Good' rating.
Tritax said the lease, coupled with a recent second letting at Settimo Torinese, reduced its portfolio's ERV vacancy rate to 4.3%, improving from the 5.5% it reported at the end of September 2023.
The Rosersberg development was acquired by Tritax EuroBox in August 2022 from Verdion, with both units covered by a 12-month rental guarantee from practical completion.
"This letting successfully demonstrates our strategy of both identifying good speculative development opportunities and attracting strong customers to our high-quality, sustainable buildings, developed close to major population centres and with good transport connections," said asset management director James Charlesworth.
"Securing this lease above ERV and rental guarantee levels to a new customer in a growing sub-sector, underlines the attractiveness of our assets.
"We look forward to welcoming the tenant to the portfolio."
At 0855 GMT, shares in Tritax EuroBox were up 0.34% at 58.9p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
