Simpson Thacher is representing affiliates of Blackstone in connection with their recommended offer to acquire the entire issued and to be issued share capital of Warehouse REIT plc (“Warehouse”). The offer values Warehouse’s share capital at approximately £470 million on a fully diluted basis. The transaction is expected to be implemented by way of a scheme of arrangement, subject to the approval of Warehouse shareholders and satisfaction of relevant conditions.
Warehouse is a U.K. Real Estate Investment Trust that invests in industrial assets in key economic locations across the U.K. and is primarily focused on multi-let warehouses, which account for 80 percent of its investment portfolio. Established in 2017 and headquartered in London, Warehouse is listed on the London Stock Exchange’s Main Market.
The Simpson Thacher team includes James Campisi, Ben Spiers, Niccolo Calvi, Fran Towers and Julia Conzen (Corporate); Wheatly MacNamara, Tom Lloyd, Adam Brunk, Claire Newman, Manfredi Sclopis and David Walsh (Real Estate); Étienne Renaudeau and Sandeep Mahandru (Antitrust); and Stephanie Biggs and Seji Choi (Regulatory).