Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Warehouse REIT might endorse Blackstone's $632M bid if a firm offer is made, following a 39.6% premium proposal over February's stock price.
(Reuters) -UK's Warehouse REIT said on Thursday it could recommend Blackstone's 489 million-pound ($631.5 million) final all-cash takeover proposal if the asset manager comes up with a firm offer.
Earlier this week, the warehousing specialist said it was evaluating the 115 pence-per-share proposal, which was a 4% increase from the previous one made jointly by Blackstone and global investment firm Sixth Street Partners.
Sixth Street Partners on Tuesday confirmed its decision to not 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 it rejected.
($1 = 0.7744 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema)
The main topic is Blackstone's potential takeover bid for Warehouse REIT and the conditions under which it might be accepted.
Blackstone's bid values Warehouse REIT at 489 million pounds, approximately $632 million.
The bid represents a 39.6% premium over the stock price before the initial offer, indicating strong interest in the acquisition.
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