Tritax EuroBox plc (LSE:EBOX), a fund of Tritax Management LLP agreed to acquire approximately 23,000 square meters of Industrial property in Oberhausen from Ingersoll Rand Inc. (NYSE:IR) on October 14, 2021. Tritax EuroBox plc is acquiring the land by way of a forward funding model in cooperation with Verdion. The plan is to develop a 20,264 square metre ground floor logistics property that can be divided into up to four units of the same size. Tritax EuroBox has also committed to aligning the building with the strict ESG criteria. Completion is scheduled for the end of 2022. Wolf zur Nieden, Alexander Kessler, Claus Christopher Schiller and Adalbert Rödding of GÖRG Partnerschaft von Rechtsanwälten mbB acted as the legal advisors to Ingersoll Rand. Liane Muschter, Isabella Strauss and Henry Moss of Ashurst acted as the legal advisors to Tritax EuroBox. Hans Felix Schäfer of Orrick acted as the legal advisor to Verdion.