Blackstone, one of the world’s biggest property investors, is in advanced talks with London-listed Tritax Big Box Reit over a \u00a31bn logistics deal. This comes just weeks after the two companies were involved in a public bidding war for another industrial property group.<\/p>\n
The deal, worth around \u00a31bn, would see Blackstone sell logistics assets to Tritax Big Box. Real estate industry sources indicate that while key details have not yet been clarified, a deal could result in Blackstone receiving some of the consideration for the assets in the form of equity in Tritax Big Box.<\/p>\n
Depending on how much of the deal is paid in shares, Blackstone could become one of Tritax Big Box’s largest shareholders. An announcement about an agreement between the two companies could come within days.<\/p>\n
A deal would come less than two months after Tritax Big Box withdrew from the Warehouse Reit tender after Blackstone submitted an offer worth almost \u00a3500 million for the company. Talks between Blackstone and Tritax Big Box over an asset portfolio deal are said to have begun shortly after the Warehouse Reit dispute was resolved.<\/p>\n
Tritax Big Box is one of the companies benefiting from the increasing demand for industrial storage and logistics facilities. Its sites include a 2.3 million square meter facility on the site of the former Littlebrook Power Station in Kent, with much of this space pre-leased to major companies like Amazon and Ikea.<\/p>\n
Blackstone, which recently pledged to invest \u00a3100 billion in Britain in the coming years, and Tritax Big Box declined to comment on the potential deal. The investment would be a significant step in Blackstone’s plans to expand its presence in the UK logistics market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Blackstone and Tritax Big Box Logistics Deal Blackstone, one of the world’s biggest property investors, is in advanced talks with London-listed Tritax Big Box Reit over a \u00a31bn logistics deal. This comes just weeks after the two companies were involved in a public bidding war for another industrial property group. Background of the Deal The<\/p>\n","protected":false},"author":1,"featured_media":25213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[3367,9605,6659,14462,4889,14461,2123,6652,14460,759,14463,14459],"class_list":{"0":"post-25212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-amazon-company","9":"tag-asset","10":"tag-blackstone-inc","11":"tag-ikea","12":"tag-kent","13":"tag-littlebrook-power-station","14":"tag-logistics","15":"tag-public-company","16":"tag-real-estate-investment-trust","17":"tag-shareholder","18":"tag-the-blackstones","19":"tag-tritax-big-box-reit"},"_links":{"self":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/25212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/comments?post=25212"}],"version-history":[{"count":1,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/25212\/revisions"}],"predecessor-version":[{"id":25214,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/posts\/25212\/revisions\/25214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media\/25213"}],"wp:attachment":[{"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/media?parent=25212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/categories?post=25212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nanamedia.org\/en\/wp-json\/wp\/v2\/tags?post=25212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}