Skyscrapers give way to sheds as Covid-19 changes UK real estate


When it’s done next summer, the four-story “mega-box” will encompass 2.3 million sq ft, the size of 40 American football fields. Developer Tritax Big Box REIT Plc had plenty of interest from retailers in the site on the River Thames, but when Amazon came knocking, the rest were pushed aside.

ON a building site about 20 miles east of London, workers are busy putting up the largest warehouse in Europe. Just leased to Amazon.com Inc, it can’t go up fast enough.

When it’s done next summer, the four-story “mega-box” will encompass 2.3 million sq ft, the size of 40 American football fields. Developer Tritax Big Box REIT Plc had plenty of interest from retailers in the site on the River Thames, but when Amazon came knocking, the rest were pushed aside.

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Property , Tritax Big Box REIT Plc , Amazon ,

   

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