Business
Warehouse REIT plc - Cancellation of auction
The Takeover Panel's August 22, 2025, statement (2025/13) announces the cancellation of the auction procedure for Warehouse REIT PLC ("Warehouse") due to Tritax Big Box REIT PLC ("BBOX") not increasing its June 25, 2025 offer. The auction procedure was established on August 19, 2025, per Statement 2025/12, to resolve the competing bids for Warehouse, primarily from Wapping Bidco Ltd (a Blackstone-affiliated entity). A future announcement regarding the offer timetable will be issued if needed. Disclaimer*
About this update from Tritax Big Box Reit Plc
[{"type":"text","content":"\n\n2025/13\nWAREHOUSE REIT PLC (\"WAREHOUSE\")\nWAPPING BIDCO LTD\n(A NEWLY FORMED COMPANY INDIRECTLY WHOLLY OWNED BY INVESTMENT FUNDS ADVISED BY AFFILIATES OF BLACKSTONE INC.) (\"WAPPING BIDCO\")\nTRITAX BIG BOX REIT PLC (\"BBOX\")\nOn 19 August 2025, the Panel Executive published Statement 2025/12, in which it announced that, in accordance with Rule 32.5 of the Takeover Code, it had established an auction procedure (the \"Auction Procedure\") for the resolution of the competitive situation in relation to Warehouse.\nFollowing the announcement earlier today by BBOX that it will not be increasing the financial terms of the offer set out in its announcement dated 25 June 2025, the Auction Procedure outlined in Statement 2025/12 will not now take place.\nA further announcement in relation to the offer timetable (including Day 60) will be made in due course, if required.\n \n \n22 August 2025\n\n","length":1726,"tagName":"div"}]