23 April 2026, Tritax Big Box REIT plc (“Tritax Big Box” or “the Company”) has completed on contracts with Currys plc (“Currys”), the international omnichannel retailer of technology products and services, on two leases at Tritax Park Newark. Together, the leases secure £9.5 million of annual rental income (before rent reviews) for Tritax Big Box for 20 years over a combined total footprint of 1.2 million sq ft. The lettings also demonstrate the Company’s ability to provide existing clients with incremental high-quality logistics space through its development capabilities.
New letting on a 0.4 million sq ft new speculative development
Tritax Big Box has secured a new 20 year lease with Currys on its 0.4 million sq ft recently completed speculatively developed building. Delivered in partnership with Simons Developments, the building was constructed to BREEAM Excellent, EPC A standard and benefits from 557KWp of roof mounted solar. Our total solar capacity across the portfolio has increased to 29.0MWp. The letting delivers a development yield on cost in line with the Company’s guidance of 6-8%.
10 year lease extension on existing 0.8 million sq ft building
Tritax Big Box has agreed a 10 year lease extension on its existing facility let to Currys. This increases the remaining lease term to 20 years, aligning it with the lease length for their new building.
Further development opportunities at Tritax Park Newark (Phase 2)
Tritax Big Box and Simons Developments are also bringing forward plans for up to 970,000 sq ft of design and build opportunities at Tritax Park Newark, as well as a 40-acre country park to provide green space for local employees and the general public. Situated in a prime East Midlands location just 0.5 miles from the A46/A1 intersection and with proximity to Immingham Port, alongside regional airport and railport transportation, Tritax Park Newark offers seamless connectivity both across the UK and Ireland.
Charlie Withers, Head of Development Tritax Management LLP, Development Director Tritax Big Box REIT plc, commented: “We are delighted to both let a brand new development and extend the lease on our existing building with Currys. We have been working collaboratively with Currys at Newark for over nine years and look forward to continuing to support their future needs. The lettings evidence Tritax Big Box’s strategic advantage of being both a long-term investor and developer able to support clients’ growth ambitions with additional high-quality logistics space in prime locations. Combined, the leases are a strong endorsement of the gathering momentum of Tritax Big Box’s lettings pipeline as we continue to focus on working with our clients to meet their long-term real estate objectives.”
Lindsay Haselhurst, Chief Operating Officer at Currys, said: “Newark is the centre of our UK supply chain operations, supporting over £5 billion of annual sales, and houses one of Europe's largest technology repair centres. Extending our operations at Tritax Park Newark will enable continued growth of our omnichannel model and support further market share gains. We are pleased to strengthen our relationship with Tritax Big Box with these agreements and as one of the largest employers in the area, we are proud to extend our commitment to local economic growth and employment opportunities.”
Philip Hodgkinson, Director, Simons Developments, said: “We’re delighted to have completed this high‑quality building and to see it fully let to Currys, who are expanding their operations at this location. It’s a clear demonstration of what our partnership with Tritax Big Box can deliver and we are excited about the potential of Phase 2. We’re proud to be playing a role in supporting long‑term investment and job creation across the region.”
Tritax Big Box REIT’s agents were Apex Real Estate Advisors, Colliers and JLL.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Kekst CNC
Guy Bates/Tom Climie
Tel: +44 (0)7760 160 248 /
+44 (0)7581 056 415
The Company's LEI is: 213800L6X88MIYPVR714
About Tritax Big Box REIT plc:
Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK. Additionally, having adopted a "power first" approach, the Company has recently secured its first data centre development opportunities (amounting to over 250MW), and has a pipeline of c.1-gigawatt of further opportunities, offering the potential to deliver exceptional returns on an accelerated basis.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 100, FTSE EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk
About Currys plc
Currys plc is a leading omnichannel retailer of technology products and services, operating online and through 702 stores in 6 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.
In the UK & Ireland we trade as Currys and in the UK we operate our own mobile virtual network, iD Mobile. In the Nordics we trade under the Elkjøp brand. We’re the market leader in all markets, able to serve all households and employing more than 25,000 capable and committed colleagues.
We help everyone enjoy amazing technology. We believe in the power of technology to improve lives, helping people stay connected, productive, fit, healthy, and entertained. We’re here to help everyone enjoy those benefits and with our scale and expertise, we are uniquely placed to do so.
Our full range of services and support makes it easy for our customers to discover, choose, afford and enjoy the right technology to the full. The Group’s operations include one of Europe’s largest technology repair facilities, a sourcing office in Hong Kong and an extensive distribution network, centred on Newark in the UK and Jönköping in Sweden, enabling fast and efficient delivery to stores and homes.
We’re a leader in giving technology a longer life through repair, recycling and reuse. We’re reducing our impact on the environment in our operations and our wider value chain and we aim to achieve net zero emissions by 2040. We offer customers products that help them save energy, reduce waste and save water, and we partner with charitable organisations to bring the benefits of amazing technology to those who might otherwise be excluded.
