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LONDON - Trot Holdings Limited has acquired an 8.2% stake in Tritax Big Box REIT PLC (LON:BBOX), according to a regulatory filing released Thursday.
The Saint Helier-based company now holds 221,444,706 voting rights in the UK logistics property investment trust, crossing the notification threshold on October 22.
The stake acquisition is connected to Tritax Big Box REIT’s purchase of a logistics asset portfolio valued at £1,035 million from real estate funds advised by Blackstone Europe LLP affiliates. Trot Holdings received newly issued ordinary shares as consideration for the transaction.
According to the filing, the shares were issued as an initial tranche of consideration shares, with additional shares expected to be issued following completion of accounting procedures related to the holding companies of the acquired portfolio.
The notification indicates that Stephen Schwarzman is the ultimate controlling person in the ownership chain, which includes various Blackstone entities such as Blackstone Inc., Blackstone Holdings IV L.P., and multiple real estate investment vehicles.
The regulatory disclosure was made in compliance with the UK’s Disclosure Guidance and Transparency Rules, which require notification when significant shareholding thresholds are crossed. Additional regulatory filings are expected when further consideration shares are issued.
The information was provided in a standard TR-1 form submitted to the London Stock Exchange’s news service.
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