Legal & Financial Advisers in the Spotlight
The complex negotiations have drawn heavyweight advisers from both sides. Blackstone and Bidco are represented by Simpson Thacher & Bartlett LLP, with Rothschild & Co. and Deutsche Numis providing financial guidance. On Warehouse REIT’s side, Reed Smith LLP leads the legal effort, while Jefferies International Ltd. and Peel Hunt offer financial advice.
The transaction will proceed through a scheme of arrangement under the UK Companies Act 2006, requiring approval from at least 75% of shareholders during a general and court meeting — dates for which remain pending.
Blackstone has already secured irrevocable commitments from directors holding 0.28% of the REIT’s shares to vote in favor of the deal.
Regulatory Review and Timeline
The acquisition still faces scrutiny from the UK’s Competition and Markets Authority, whose antitrust clearance is necessary before the scheme can become effective. Both parties expect the deal to close by Q4 2025, provided all regulatory and shareholder hurdles are cleared.
This acquisition marks another high-stakes chess move by Blackstone in the European property market, underscoring its appetite for strategic assets even amid uncertain valuations and macroeconomic volatility.
