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UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid
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UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid
Jul 10, 2025 11:40 PM

(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.

($1 = 0.7384 pounds)

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