11:12 AM EDT, 03/27/2025 (MT Newswires) -- (Updated with Blackstone declining to comment in the fifth paragraph.)

Blackstone's (BX) Blackstone Europe's 115 British pence per share ($1.48) final all-cash takeover proposal could be recommended to Warehouse REIT's shareholders if the asset manager puts a firm offer, the latter said Thursday.

The offer values Warehouse REIT at roughly 489 million pounds, or 115 pence per share, which will be reduced to 113.4 pence after adjusting for the interim dividend of 1.6 pence, the company added in its regulatory filing with the London Stock Exchange.

Additionally, Warehouse REIT said its board has decided to engage in talks with Blackstone regarding these terms.

There is no assurance that Blackstone or any other party will make a firm offer, according to Warehouse REIT.

Blackstone declined MT Newswires' request for comment.

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