Aberdeen is to become the sole owner of UK logistics manager Tritax Management by increasing its 60% stake through a phased acquisition process expected to be completed in 2029.
Aberdeen, which acquired its initial 60% interest in Tritax in 2022, has agreed to increase its stake to 80% in April 2026, and to 100% in 2029.
Since the original investment by Aberdeen, Tritax has grown its assets under management (AUM) from £5.1bn (€5.8bn) to approximately £9bn, with revenue increasing at 13% per annum over the last four years.
Tritax has experience in investing across the logistics sector, from large warehouses occupied by major online retailers to ‘last mile’ urban logistics.
As well as the London-listed Tritax Big Box REIT and Tritax EuroBox, it manages Tritax Property Income Fund, an open-ended Jersey Unit Trust launched in 2016.
Jason Windsor, CEO, Aberdeen Group, said: “Aberdeen’s increased investment in Tritax extends our relationship at a time when Tritax continues to grow its AUM, with the team who have done such an impressive job managing Tritax Big Box REIT and the growing portfolio of private market mandates, remaining on board until at least 2029.
“The long-term potential of the logistics and digital infrastructure sector is clear and this deal secures operational continuity that positions us to capitalise on the transformative impact of AI on real estate.”
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