22nd Oct 2025 11:41
Tritax Big Box REIT PLC - real estate investment trust focused on 'big box' logistics properties - Completes GBP1.04 billion acquisition of a UK logistics property portfolio from Blackstone Europe LLP, part of Blackstone Inc. The portfolio consists of 6.5 million square feet of logistics space across 409 units. Tritax Big Box had said the purchase will increase its urban footprint in the South East and Midlands of England. Under the deal, announced at the beginning of last week, Tritax Big Box is paying Blackstone GBP632 million in cash, which it says has been funded by a new GBP650 million debt facility from Santander Corporate & Investment Bank, part of Banco Santander SA. It is also issuing Blackstone with 221.4 million new BBOX shares, giving the New York-based private equity investment manager an 8.6% stake. Read More