Blackstone to consider options for UK’s Warehouse REIT bid

Industry:    5 months ago

Blackstone said on Tuesday it was considering its options regarding its bid for UK’s Warehouse REIT after its takeover target agreed to a 485.2 million pound ($666.8 million)deal with Tritax Big Box REIT last week.

The U.S. private equity firm, which had tabled a best and final offer of 470 million pounds for Warehouse REIT, said the no increases statement was no longer effective due to the competing bid.

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