Blackstone sells UK logistics assets for £1bn to Tritax Big Box
Tritax Big Box has agreed to acquire Blackstone’s UK logistics assets for £1.04 billion, significantly expanding its urban and small-box platform in the Southeast and the Midlands, while the US private equity company will receive £632 million in cash and will take an 8.7% stake in the London-listed REIT, becoming its second-largest shareholder.
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