Warehouse Reit announced the decision on Friday, highlighting that Blackstone's latest 115p-per-share bid represents a premium over the rival '485.2m cash-and-stock proposal from Tritax Big Box Reit. The updated offer also includes the option for shareholders to collect a dividend this month. The deal signals Blackstone's continued push into UK commercial real estate, as it moves to capitalise on steep valuation drops caused by rising interest rates. The firm, which had initially offered '470m in February, is targeting opportunities across a sector where listed landlords are increasingly trading at discounts to their underlying asset value. As the world's largest commercial property investor, Blackstone's decisive bid underscores its ability to execute amid ongoing market volatility and further consolidates its foothold in the European logistics real estate sector. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll...
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