Simpson Thacher Advises Blackstone on £470 Million Takeover Bid for Warehouse REIT
In a significant development in the UK industrial property market, Simpson Thacher & Bartlett LLP is advising Blackstone affiliates on their recommended £470 million bid to acquire Warehouse REIT plc. The proposed acquisition is structured as a court-approved scheme of arrangement and awaits shareholder approval alongside other standard conditions.
Warehouse REIT, established in 2017 and listed on the London Stock Exchange, focuses on multi-let industrial warehouse spaces across key UK commercial hubs. Its portfolio caters primarily to logistics, e-commerce, and regional businesses, sectors that have seen strong growth amid shifting consumer behaviors and supply chain demands.
Blackstone’s bid reflects growing confidence in the UK’s industrial real estate sector, which continues to attract global investment due to its stable income streams and long-term growth potential. By acquiring Warehouse REIT, Blackstone aims to strengthen its position in a market segment that plays a critical role in supporting the country’s evolving economic landscape.
The legal team at Simpson Thacher advising on the deal includes experts in corporate, real estate, antitrust, and regulatory law, ensuring comprehensive support throughout the transaction. Key team members such as James Campisi, Ben Spiers, Wheatly MacNamara, and Stephanie Biggs are managing different aspects of the acquisition to facilitate a smooth process.
This transaction highlights both the dynamic nature of the UK industrial property market and the strategic moves by major global investors like Blackstone to capitalize on emerging opportunities. As the deal progresses, it underscores the importance of expert legal guidance in navigating complex, high-profile acquisitions.
With shareholder and court approval pending, this deal not only marks a milestone for Warehouse REIT but also signals ongoing investor confidence in the logistics and warehousing sector, a cornerstone of modern commerce.
