Finance
UK's Warehouse REIT shifts allegiance to Blackstone over Tritax
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 23, 2026
Warehouse REIT supports Blackstone's higher bid over Tritax, highlighting strong demand in logistics investments.
(Reuters) -Britain's Warehouse REIT recommended Blackstone's sweetened bid to its shareholders on Friday, withdrawing support for industry peer Tritax Big Box REIT's offer for the logistics specialist.
Blackstone raised its offer for the London-listed company to about 489 million pounds ($662.20 million) on Thursday, outbidding Tritax's cash-and-stock offer of 485.2 million pounds.
Logistics has remained attractive to property investors in an otherwise lacklustre real estate market, due to robust demand from eCommerce retailers seeking warehouse spaces to better service their clients.
Real estate investment trusts – listed funds dedicated to property – have also seen a wave of dealmaking as they try to bulk up to improve profitability in tough trading conditions.
Tritax on Thursday said it continued to believe that its buyout proposal was a "compelling proposition" for Warehouse shareholders.
The company did not immediately respond to a Reuters request for comment on Friday.
($1 = 0.7384 pounds)
(Reporting by Yamini Kalia in Bengaluru and Iain Withers in London; Editing by Janane Venkatraman and Mrigank Dhaniwala)
A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate. They provide a way for individual investors to earn a share of the income produced through commercial real estate ownership without actually having to buy, manage, or finance any properties.
Market capitalisation is the total market value of a company's outstanding shares of stock. It is calculated by multiplying the stock's current market price by the total number of outstanding shares.
Logistics investment refers to the allocation of capital into assets that facilitate the storage and distribution of goods. This includes warehouses, distribution centers, and transportation networks, which are essential for eCommerce and supply chain management.
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