Warehouse REIT Extends PUSU Deadline for Blackstone Offer
The real estate investment trust has extended the deadline for Blackstone to make a firm offer, providing more time for due diligence.
The real estate investment trust has extended the deadline for Blackstone to make a firm offer, providing more time for due diligence.
The real estate investment trust has announced changes to its major shareholders.
The retailer has extended the deadline for a potential buyer to make a firm offer, providing more time for discussions and due diligence.
The real estate investment trust received a final indicative proposal from Blackstone for a possible all-cash offer at 115 pence per share.
The retailer has announced changes to its major shareholders, with several investment firms adjusting their holdings in the company.
The retailer has received a final indicative all-cash proposal from Blackstone Europe LLP to acquire the company, and is currently evaluating the offer.
The retailer has refinanced £300 million of debt on improved terms, delivering annualized cost savings of £1.2 million.
The retailer has agreed a 375,000 sq ft, ten-year lease renewal at one of its key distribution sites, securing £2.4 million in contracted rent.
The prominent real estate investment trust has rejected a takeover approach, stating the offer materially undervalues the company.
The multi-let warehouse investor reports positive leasing activity, completing 25 deals at rents 32.2% ahead of previous levels. The company also made progress on a key development sale.