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MetroBox is a joint venture between Tritax Group and Delancey that seeks to deliver compelling investment returns by investing in and actively repurposing high performing, undervalued urban retail warehousing. Launched in 2020, MetroBox’s investment strategy is focused on strategically located retail warehouses that play an increasingly elevated role in post-digital supply chains.
Retail warehousing is now at the centre of omnichannel trading strategies and is essential to enabling faster and more efficient commerce both offline and online. These urban warehouses offer occupiers cost effective, flexible space which is perfectly placed to accommodate the consumer’s increasingly demanding delivery expectations.
£0.2m
£0.1m
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0.08yrs
MetroBox has assembled a seed portfolio of four high-quality retail warehouse parks, predominantly situated in core South-East locations.
Each of these strategically located parks offers well-specified retail warehouse space that is well placed to accommodate modern operational requirements. We identify and execute transitional asset management initiatives to deliver a new hybrid of retail warehousing with enhanced logistics functionality, offering occupiers last mile omnichannel capability under one roof.
39 acres
In prime locations
72%
South East
225K
(15 minute drive-time)
Guildford’s only retail park, benefitting from one of the most affluent catchments in the UK. Well located off the A3 with an attractive and diverse mix of tenants.
A busy park strategically located adjacent to Luton Parkway Rail Station (for commuter access to Central London and Luton International Airport) with significant value-add opportunities.
A prominent park benefitting from a huge catchment in one of Birmingham's most affluent suburbs that has recently benefitted from an extensive refurbishment.
An established, dominant park close to Gatwick Airport. County Oak has a strong tenant base underpinned by a lack of competition.
MetroBox believes that a rigorous focus on sustainability will ensure the Fund's long-term viability and commercial success, by helping it to make sound decisions in the best interest of all its investors and wider stakeholders.
MetroBox's latest GRESB score of 75/100 reflects a marked improvement on last years score of 71/100.
Read more about how we performed in the GRESB 2023 survey.
We believe that a rigorous focus on sustainability will ensure our long-term viability and commercial success. Find out more.
MetroBox leverages a unique strategic partnership that combines Tritax Group’s 25-year track record specialising in the acquisition and management of high performing logistics property portfolios, with Delancey’s investment and strategic oversight and retail expertise.
Deep sector insight and collaborative occupier relationships, together with our thorough understanding of real estate fundamentals inform our investment and asset management strategies, ensuring that as a team we are best placed to acquire and transition undervalued traditional retail warehousing assets to urban Metro Boxes.
Alasdair Mason Finance Director, Private Markets
Alasdair joined Tritax in 2020 and acts as the Fund Controller for MetroBox. He is responsible for all aspects of MetroBox's finance including financial modelling, portfolio analysis, financial reporting, debt advisory and covenant analysis.
Alasdair qualified as an ACA with PwC in 2015 primarily focusing on asset management and equity audits. He gained further listed and regulatory experience with T.Rowe Price in the internal audit team focusing on the EMEA and APAC regions as well as the equity and fixed income divisions. He was then Financial Controller at CMC Markets, a listed financial derivatives dealer before making the move to Tritax.
James Watson Partner, Fund Manager
James joined Tritax in January 2020. As Fund Manager, he is responsible for the management of the Fund and implementation of its investment objectives.
James brings 27 years’ experience operating in the property capital markets and is a leading expert in the UK grocery sector, sale & leaseback transactions and post-digital retail.Through his previous roles he has an extensive network of contacts with landlords, retailers and analysts.
James Bidwell Asset Manager, MetroBox
James joined Tritax in September 2022 as Asset Manager for MetroBox. James joined from Quadrant, where he spent the last eight years managing their retail warehouse portfolio. He is responsible for all investor property reporting, the management of third-party professionals and identifying and progressing value enhancing initiatives.
Back in the 1980s, the legendary duo of Godfrey Bradman and Stuart Lipton challenged the accepted orthodoxy surrounding office development by pioneering the ‘shell-and-core’ approach, which left fitting-out to the needs, taste and resource of the incoming occupants. Following on from the COVID-19 pandemic the use case for buildings is changing, James Watson looks at what the future of warehousing may look like.
MetroBox Fund Manager, James Watson explores how existing store portfolios have a significant role to play in meeting consumer demand for ‘real time retail’.
Your capital is at risk. See individual fund pages for further details.