Blackstone Bumps Bid for UK’s Warehouse REIT, Topping Tritax

Blackstone Inc. has raised its offer to buy UK landlord Warehouse REIT Plc, topping the one announced last month by Tritax Big Box REIT Plc.

The alternative asset manager has offered 113.4 pence a share in cash for the company, valuing Warehouse at £489 million ($666 million), according to a statement Thursday. Including a dividend due to be paid later this month, the revised offer represents a total consideration of 115 pence a share, Blackstone said in the statement.