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Tritax Big Box REIT plc announced an update on its Manor Farm data centre planning application, stating the Ministry of Housing Communities and Local Government (MHCLG) now expects a decision by the Secretary of State on or before 9 June 2026. Consequently, the Company now expects practical completion of the data centre between October 2027 and March 2028, with income recognition starting at that time, revised from a January 2025 expectation of July to December 2027. The Company continues to expect to recognise development profits at Manor Farm in FY 2026 and maintains its ambition of growing adjusted earnings by 50% by FY 2030, referencing FY 2024 adjusted earnings of £182.4 million.
| Date | 17 Mar 2026 |
| Time | 07:00:10 |
| Category | Corporate updates |
| ID | 8617W |
Manor Farm Data Centre - Planning Timetable Update
17 March 2026, Tritax Big Box REIT plc (the "Company") provides an update on the planning application relating to its proposed data centre development at Manor Farm.
Update on planning application
The Company notes confirmation from the Ministry of Housing Communities and Local Government ("MHCLG") that a decision by the Secretary of State is now expected to be issued on or before 9 June 2026.
Revised timetable
In January 2025, the Company outlined anticipated practical completion ("PC") of the data centre between July and December 2027, based upon an expectation of a December 2025 planning consent.
In December 2025, MHCLG provided an updated timetable indicating a decision would be issued on or before the 17 March 2026.
Noting the new guidance from MHCLG of a decision on or before 9 June 2026, the Company now expects PC between October 2027 and March 2028 with income recognition starting in conjunction with the PC of the building.
Maintaining expectations and confidence
Noting the revision to timings, the Board continues to maintain its confidence in achieving its ambition of growing adjusted earnings by 50% by FY 2030[1].
We continue to expect to recognise development profits at Manor Farm in FY 2026, supported by a successful planning application and securing of a pre-let.
The Board is confident in the long‑term strategic and financial merits of the Manor Farm development for the Company's shareholders, and in its contribution to the delivery of critical national infrastructure supporting UK economic growth. The probability of securing planning consent remains unchanged and the Board will continue to keep shareholders informed as the planning process progresses.
Tritax Group
Colin Godfrey, CEO Tel: +44 (0) 20 799 39640
Frankie Whitehead, CFO bigboxir@tritax.co.uk
Ian Brown, Head of Corporate Strategy & Investor Relations
Kekst CNC
Tom Climie / Guy Bates Tel: +44 (0) 7760 160 248 /
+44 (0) 7581 056 415
Email: tritax@kekstcnc.com
About Tritax Big Box REIT plc
Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. Tritax Big Box targets attractive and sustainable returns for shareholders by investing in and actively managing existing built investments and land suitable for logistics development. The Company focuses on well-located, modern logistics assets, typically let to institutional-grade clients on long-term leases with upward-only rent reviews and geographic and client diversification throughout the UK. Additionally, having adopted a "power first" approach, the Company has recently secured its first data centre development opportunities (amounting to over 250MW), and has a pipeline of c.1-gigawatt of further opportunities, offering the potential to deliver exceptional returns on an accelerated basis.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk
The Company's LEI is: 213800L6X88MIYPVR714
[1] 50% growth potential by the end of FY 2030, with the baseline reference being the FY 2024 Adjusted Earnings figure of £182.4 million. This should not be considered a profit forecast but an ambition. It assumes no material deterioration in macroeconomic conditions, including inflation, interest rates and GDP growth; sustained structural demand in key markets; investment markets remain open and ability to dispose of assets at or near book values. Excludes additional DMA income or portfolio value movements.