Blackstone Makes Final Cash Offer for Warehouse REIT (LON: WHR)

Blackstone Europe LLP has presented a final all-cash proposal to acquire Warehouse REIT PLC (LON: WHR) at a rate of 115 pence per share. This proposal includes a third interim dividend of 1.6 pence per share that was declared on February 19, 2025. Warehouse REIT, a UK-based investment entity, specialises in warehouse and industrial properties.

While Blackstone has made its intentions clear with the proposal, there is no assurance that a formal offer will eventually materialise. However, they have indicated conditions under which they might revise and increase their offer. Blackstone has a deadline of announcing this intention by 5:00 pm on March 31, 2025, or declaring that no offer will be made.

In parallel, Sixth Street Partners, LLC has decided against making a competing offer for Warehouse REIT. The UK-based company has secured the advisory services of Peel Hunt LLP and Jefferies International Limited to navigate this proposition.

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This potential acquisition highlights the ongoing interest and value placed on industrial and warehouse properties within the UK market, reflecting broader industry trends in the real estate sector.

Warehouse REIT’s shares have added 34% year-to-date, and at 105.6p remain just shy of 10 pence below the proposed bid.