Tritax Big Box REIT plc (LSE:BBOX) has announced a strategic acquisition of Warehouse REIT plc (LSE:WHR), aimed at strengthening its leadership in the UK logistics real estate sector. The proposed transaction, valued at approximately £485.2 million, will be carried out via a court-sanctioned scheme of arrangement and includes a mix of cash and new Tritax shares for Warehouse REIT shareholders.
The deal represents a meaningful premium over Warehouse REIT’s recent share price and is expected to deliver immediate financial and operational benefits. Once completed, the acquisition will expand Tritax’s asset base and enhance liquidity, while driving down the cost of capital. The combined group is also expected to realize cost efficiencies and improved financing terms, with the transaction projected to be accretive to earnings within the first full year post-merger.
This move positions Tritax Big Box as an even more dominant force in the logistics property space, capitalizing on the sustained demand for modern distribution and fulfillment centers driven by e-commerce and supply chain modernization.
About Tritax Big Box REIT plc
Tritax Big Box REIT is a UK-listed real estate investment trust focused on acquiring and managing large-scale logistics facilities—commonly referred to as “big boxes”—that are integral to national and international supply chains. The company targets strategic assets near key transport infrastructure, urban centers, and last-mile delivery zones. Its portfolio supports tenants across sectors such as retail, manufacturing, and data infrastructure. Tritax aims to generate sustainable, long-term returns for shareholders through active asset management and high-quality property investments.
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