Aberdeen Group plc is announcing it finalized an agreement to increase its interest in Tritax Management LLP, one of the United Kingdom’s logistics managers, reinforcing its commitment to growth in the UK logistics real estate sector. After the first acquisition of a 60% interest in Tritax in 2021, Aberdeen will increase its stake to “c.80% in April 2026, and to 100% in 2029 with Tritax maintaining its specialist, boutique offer.”
This approach ensures continuity and alignment between Aberdeen and Tritax, supporting delivery of the strategy for Tritax, and its listed and private products. A number of partners of Tritax Management are now being appointed to get ready for a succession.
Since the first investment by Aberdeen, Tritax has grown its assets under management from £5.1 billion to about £9 billion, with revenue said to now be increasing at “c.13% per annum over the last four years, reflecting strong performance and sector momentum.”
The logistics real estate market indicates 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 should now position Aberdeen and Tritax to benefit from the evolving strategy, which incorporates 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 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 that the company’s increased investment in Tritax extends their 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 portfolio of private market mandates, remaining on board until at least 2029.”
The 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.”
The agreement formalises a plan at Tritax, ensuring stability for clients, investors, and partners. Tritax will continue to benefit from Aberdeen’s global investment and “distribution expertise while retaining its own brand and operating identity.”
This announcement also aims to reinforce Aberdeen’s position as a European logistics real estate manager as well as a global closed end fund manager by AUM.
