Tritax Eurobox plc has agreed two new leases. The first is the successful letting of Unit 1 (14,150 sqm) of the 28,300 sqm speculatively developed Settimo asset in Italy. The second is a new seven-year lease for Unit 3 (8,300 sqm) at Bochum, Germany.

Collectively, these leases secure an additional ?1.3 million in contracted rent and de-risk income previously subject to rental guarantees. Settimo Torinese, Italy: successful letting of speculatively developed 14,150sqm asset: The letting is for unit 1 at the Company's 28,300 sqm two-unit development, well-located adjacent to the A4 "Turin-Trieste" motorway in Settimo Torinese, 14km east of Turin and 125km west of Milan. Six-year green lease, which includes a further six-year extension option and includes annually reviewed inflation linked uplifts.

Rental level in line with Estimated Rental Value (ERV) and consistent with the development funding underwrite - signed within three weeks of practical completion of the building. The unit is let to a leading Italian logistics specialist. The building targets a BREEAM Very Good rating, and includes a roof-mounted solar PV scheme and other sustainability features that reduce the environmental impact.

Brownfield regeneration of a former tyre manufacturing warehouse, with the completed development improving the local environment and providing new employment opportunities for local communities. Bochum, Germany: asset management secures new seven-year lease 32% above the current passing rent: The new letting is for unit 3 at the Company's four-unit prime asset located near Bochum, in the Rhine-Ruhr region of Germany, a core, established logistics location. Agreed a new seven-year green lease (with a three-year extension option) with 100% CPI indexation reviewed annually.

The letting is 32% above the current passing rent and 16% ahead of the ERV as at 31st March 2023. The unit is let to a German specialist catering equipment company. Green lease clauses agreed, committing the customer to use the building sustainably, along with an obligation to share resource usage data.