Tritax, a company which provides warehouse space in the UK for internet giant Amazon and for delivery companies, Royal Mail and DPD, express they’re expecting a “silver lining” from the decision for the UK to leave the EU as domestic companies look to keep their activity in the UK.
Richard Jewson, who is the company Chairman for Tritax has this to say about the company’s expectations from the UKs decision to leave the EU “increased border controls” from leaving the EU would mean that “customers will require more warehousing domestically, further supporting our business case”.
Last year alone, Tritax had bought 11 new sites totalling around £435m bringing the total number of sites owned by the company to 46, by the 31st December 2017 the company’s portfolio was independently valued at £2.61bn that brings in a contracted rental income of £125.95m per annum.
Tritax has already been soaking up the benefits over the years from the increase of internet shopping that caused a huge demand from retailers for more warehouse space to be available to meet the rising demands for quicker and more efficient deliveries.
Though Brexit is causing uncertainties in the United Kingdom’s commercial future, it is safe to say that Tritax are certainly going to be pushing to make the most of the situation and are showing that warehouse business could continue to increase much more as they have over recent years.
Tycoon plans £1bn landgrab with Network Rail bid