Ashurst advises Tritax Big Box REIT on first sterling green bond issuance by UK REIT

This was the first sterling green bond issuance by a UK REIT and follows on from substantial institutional demand from fixed income investors. The proceeds from the 2033 Notes are intended to be used to finance or refinance new or existing green projects that satisfy the criteria set out in Tritax's newly established Green Finance Framework.

The Ashurst team was led by partner Anna Delgado with support from associate Ben Suthers.

Partner Anna Delgado said: 

"We are delighted to advise Tritax on its debut green bond issuance in what is believed to be the first green bond issuance in sterling by a UK REIT and are very pleased to have supported Tritax in its sustainability strategy and vision."

Global Environment, Social and Governance Partner Anna-Marie Slot said: 

"Being a part of the expansion of the green finance market into new instruments is in keeping with our focus on sustainability solutions for our clients. Anna's success in advising clients in market-firsts of this nature dates back to the first issue of green bonds to retail investors in Benelux in 2015 and illustrates our long term commitment to this market."