Finance
UK's Warehouse REIT evaluates Blackstone's $633 million takeover proposal
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Warehouse REIT considers Blackstone's final $633M takeover offer, a 39.6% premium over stock price, after multiple rejections.
(Reuters) -UK's Warehouse REIT said on Tuesday it was evaluating asset manager Blackstone Europe LLP's further sweetened, final all-cash takeover proposal that values the warehousing specialist at about 489 million pounds ($633.2 million).
The 115 pence-per-share proposal is a 4% increase from the previous one made jointly by Blackstone and global investment firm Sixth Street Partners.
Warehouse REIT's board noted that Sixth Street Partners no longer intends to make an offer for the real estate firm.
The current bid represents a premium of 39.6% to the Warehouse REIT's closing stock price on February 28, the day before the initial bid was made and incorporates the real estate firm's third interim dividend payout of 1.6 pence per share.
The company received an initial proposal from the consortium on January 13 followed by three sweetened bids, all of which were rejected.
Shares in Warehouse REIT were trading about 2% higher at 104.90 pence by 1311 GMT.
($1 = 0.7723 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shinjini Ganguli and Anil D'Silva)
The main topic is Blackstone's final takeover proposal for Warehouse REIT, valuing it at $633 million.
Blackstone Europe LLP is the main entity involved, with Sixth Street Partners no longer part of the offer.
The proposal represents a 39.6% premium over Warehouse REIT's stock price, indicating a significant valuation increase.
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