Blackstone Secures Warehouse REIT in $641 Million Takeover

September 8, 2025

Blackstone has successfully won its takeover bid for Warehouse REIT, securing more than 50% of shareholder support for its all-cash offer worth roughly $641 million (about 115 pence per share). The deal follows a competitive process that included a rival approach from Tritax Big Box REIT, but Blackstone ultimately gained full backing and declared the bid unconditional.

The acquisition expands Blackstone’s footprint in European logistics real estate, a sector that now makes up over half of its $131 billion global real estate portfolio. With logistics assets benefiting from e-commerce growth and resilient rental demand, Blackstone sees strong upside in the space. The move also underscores a trends of consolidation among UL-listed REITs, many of which have traded at discounts to net asset value, making them attractive targets for global investors.