11/09/2025
We're thrilled to have worked with Blackstone, the world's largest alternative asset manager with more than $1 trillion in AUM, on its £489m ($660m) acquisition of Warehouse REIT, securing control after months of competition and shareholder negotiations.
Blackstone Europe’s offer of 115p per share has now passed the required threshold, with acceptances exceeding 50% earlier this week. As a result, the bid has been declared unconditional, marking the conclusion of a process that began in March and included a competing £485m proposal from Tritax Big Box REIT. Blackstone ultimately increased its offer to secure the full support of the board.
This acquisition reflects Blackstone’s confidence in the long-term fundamentals of logistics real estate and its commitment to investing in a sector where listed valuations continue to lag the performance of underlying assets.
Our thanks to our wonderful clients at Blackstone and advisors Simpson Thacher & Bartlett LLP.
If you'd like to find out how we can help ensure the success of your most critical M&A transactions, chat with us today: hello@blackandcallow.com
