Warehouse owner Tritax Big Box closes in on £4bn merger

One of Britain’s largest warehouse owners is in advanced talks to merge with a rival in a deal expected to be ­announced on Monday that would create a commercial property landlord with a portfolio worth more than £6 billion.

It emerged over the weekend that Tritax Big Box had made an “indicative proposal” for an all-share merger with UK Commercial Property Reit. UKCM said it was the “latest of a series of indicative proposals received from [Tritax]”.

Tritax has not acknowledged the talks, although an announcement to investors is thought to be imminent. React News first reported the potential deal on Friday night.

Tritax owns dozens of the so-called mega box warehouses often found alongside motorways and major roads. It counts Amazon, Ocado, B&Q and