Tritax Big Box REIT plc announced it has acquired a prime temperature controlled distribution unit in the core South Coast location within the Nursling Industrial Estate in Southampton, for £44.2 million, reflecting a net initial yield of 5.24%, in an off market transaction with a UK real estate fund. An attractive asset in a prime location; The acquisition secures an attractive asset in a prime logistics location, providing critical cold-store capabilities close to a key UK port. 325,000 sq ft building with extensive cold-store capabilities on a 20 acre site. Well configured cross-docked building with 10 metre eaves and 53 dock levellers, together with extensive parking and yard area. Nursling Industrial Estate is the pre-eminent location for logistics on the South Coast, where Southampton represents the primary logistics hub for the region. Excellent road, port and rail connectivity. Proximity to a major population centre providing a deep employment market for occupiers. Very low vacancy rates in the Southampton area due to high demand from a range of occupiers.