Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub Markets Tritax Big Box has reached a £485m deal to acquire rival Warehouse REIT, fending off a previous offer from US private equity giant Blackstone. The cash and shares offer, which has been recommended by the Warehouse board, values the company at £485m. Warehouse has withdrawn its recommendation that shareholders approve an earlier Blackstone offer as [...]
Blackstone targets Warehouse REIT for £470m takeover Investing Warehouse REIT’s stock price has jumped almost 18 per cent after it was revealed the investment trust had rejected four separate bids for a takeover from US private equity giant Blackstone. Blackstone, as part of a consortium with investment giant Sixth Street, made a £470m offer for the investment trust last week, it announced today. [...]
The five REITs primed to be bought next Investing Real estate investment trusts (REITs) have been dropping like flies this year, as competitors increasingly pursue mergers to grow their size, and many have begun to speculate about which one might be next to go. The largest merger of the year was LXI REIT, which was bought out by Londonmetric Property at the start of [...]
Warehouse REIT reports double-digit rental growth as race for space heats up July 23, 2024 Warehouse REIT was able to push through average rent hikes of more than 15 per cent over the last quarter, but the trust’s stock price has failed to keep up. In a quarterly trading update, the trust said it had inked 12 new lettings during the second quarter of this year, bringing in £515,000, a [...]
Warehouse REIT completes £57.5m of sales to reshape portfolio and boost dividends June 24, 2024 Warehouse REIT, the real estate investment trust, has completed £57.5m worth of sales as it looks to reshape its portfolio and increase its dividend coverage.
Warehouse REIT boosts quarterly income 30 per cent with rent hikes April 25, 2024 Warehouse REIT, the real estate investment trust, boosted its rental income for the quarter by over 30 per cent after renegotiating its warehouse rents. In a trading update covering the first three months of 2024, the trust said it had completed 22 transactions, securing £1.4m of contracted rent. The 22 transactions were nine new lettings, [...]