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Investing.com -- Tritax Big Box REIT (LON:BBOX) announced Wednesday that Aberdeen will increase its ownership of Tritax Management LLP from 60% to 80% in April 2026, with plans to reach 100% ownership by 2029.
The move is designed to support BBOX’s long-term strategy, providing access to broader investment expertise while maintaining the company’s specialist focus and entrepreneurial culture.
Despite the ownership change, the Investment Management Agreement and daily operations will remain unchanged. The company will continue to be led by CEO Colin Godfrey and CFO Frankie Whitehead, with ongoing leadership development.
In a separate development, Moody’s Ratings has upgraded BBOX’s credit rating to A3 (stable) from Baa1 (positive).
The upgrade reflects the company’s growing scale, increased portfolio diversification, and continued focus on resilient, high-quality logistics assets.
CEO Colin Godfrey stated, "I 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."
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