07:24 AM EDT, 07/10/2025 (MT Newswires) -- Blackstone (BX) has raised its offer to acquire UK landlord Warehouse REIT, topping a rival bid from Tritax Big Box REIT, Bloomberg reported Thursday.

The report said the new 113.4 pence per share ($1.54) cash offer values Warehouse REIT at 489 million pounds ($666 million), a 3.6% premium over Tritax's previously recommended cash and share proposal.

In addition to the offer, a Blackstone-controlled entity has agreed to purchase a 10.5% stake in Warehouse, with independent directors also committing their shares, bringing the Blackstone firm's total stake to about 10.8%, according to Bloomberg.

Blackstone did not immediately respond to MT Newswires' request for comment.

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