Key facts
- Tritax Big Box plans to raise £350 million.
- The funds will be raised through a new share issue.
- The capital will finance the development of two data centres.
- The data centres will be located in London.
- The expansion aims to meet growing demand for AI infrastructure.
Tritax Big Box, a real estate investment trust specializing in logistics assets, is launching a new share issue to raise £350 million. The capital will be used to finance the development of two new data centres located in London. This strategic expansion is driven by the rapidly growing demand for artificial intelligence (AI) infrastructure. The company seeks to capitalize on the current market trends and position itself to meet the future needs of AI-driven businesses. The development of these two facilities is expected to bolster Tritax Big Box's portfolio and enhance its offerings in the critical data centre sector, particularly within the London market, which is a key hub for technology and data services.