Aberdeen to increase its stake in Tritax to 100% by 2029

Last week, Aberdeen Group reached an agreement to increase its stake in Tritax Management, thereby reinforcing its commitment to long-term growth and leadership in the UK logistics real estate sector.

Following the initial acquisition of a 60% interest in Tritax in 2022, Aberdeen will increase its stake to c.80% in April 2026, and to 100% in 2029 with Tritax maintaining its specialist, boutique offer. This phased approach ensures continuity and alignment between Aberdeen and Tritax, supporting ongoing delivery of the long-term strategy for Tritax, and its listed and private products. A number of new partners of Tritax Management are also being appointed to prepare for a smooth succession.

Since the original investment by Aberdeen, Tritax has grown its assets under management (AUM) from £5.1 billion to approximately £9 billion, with revenue increasing at c.13% per annum over the last four years, reflecting strong performance and sector momentum. The logistics real estate market continues to demonstrate structural resilience, and logistics assets now account for 22% of total capital deployed into European real estate, up from 13% in 2018, according to recent research. Occupier demand remains robust, and 47% of logistics tenants expect their warehouse footprint to grow over the next three years.

Extending ownership will position both Aberdeen and Tritax to benefit from the evolving strategy, which now incorporates high-profile data centre developments. These include the 107MW Manor Farm project and a second similar sized project in the broader London availability zone, as well as the proposed gigawatt scale data centre project at Cottam that would be delivered with EDF. These initiatives align with the UK Government’s commitment to expanding critical national infrastructure and the digital economy. Research shows data centre capacity in Europe is projected to grow at over 24.7% CAGR through 2030, driven by demand for high-density, GPU-powered compute environments.

Aberdeen Group CEO Jason Windsor 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.”