Warehouse provider Tritax remains confident as Brexit negotiations progress

 The last few months have seen commercial investment in London characterised by some uncertainty as the UK begins the process of leaving the EU.

That, coupled with the huge boom in online shopping, has led some experts to speculate that the commercial market in the capital may be heading for a downturn and to recommend caution when making investments.

However, the current climate has not spelt disaster for everyone.

Property company Tritax, which provides warehousing to large companies including Amazon and Next, has benefited greatly in recent years from the explosion of internet shopping, which has led to a vast increase in demand for well-located warehouse space that enables companies to meet rising demands and shorter delivery times.

Furthermore, Tritax chairman Richard Jewson has stated that the company also expects to benefit from Brexit as domestic companies look to base more of their operations in the UK, explaining how “increased border controls” will mean that “customers will require more warehousing domestically, further supporting our business case”. Indeed, Tritax has bought 11 new sites during the last year, at a price totalling nearly £435 million, and such is the company’s confidence in the current market, it has planned to build, develop and acquire even more properties in the coming months.

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.