"Blackstone Sells U.K. Logistics Assets to Tritax Big Box REIT for £1.04 Billion"

"Simpson Thacher is advising Blackstone on the sale of its U.K. logistics assets to Tritax Big Box REIT plc for £1.04 billion. Following the transaction, Blackstone will hold approximately 9% of BBOX. The deal involves a combination of cash and newly issued shares and is expected to close around October 22, 2025, pending certain conditions. BBOX is the largest listed investor in high-quality logistics warehouse assets in the U.K."

Simpson Thacher is advising Blackstone on the sale of its U.K. logistics assets to Tritax Big Box REIT plc ("BBOX") for £1.04 billion. As part of this transaction, Blackstone will become approximately a 9% shareholder in BBOX, which will acquire a high-quality portfolio of logistics assets from certain real estate funds advised by affiliates of Blackstone Europe LLP. The consideration for the acquisition will consist of a mix of cash and newly issued BBOX shares, with the transaction expected to complete on or around 22 October 2025, pending the satisfaction of certain conditions, including the Company entering into a debt facility to fund the cash consideration. The Simpson Thacher team involved in this transaction includes the following lawyers: Wheatly MacNamara, Lucy Gillett, Spencer Patton, Seema Walji, Emily Fanning, Max Herberg Fernandez, and Lachlan Paterson, all from the M&A practice; Tom Lloyd, Yasmin Smedley, and Alasdair Huggett from Real Estate Finance; and Sarah Lindley, Chris Dorman, and Daniel Griffiths from the Tax practice.

"Blackstone Sells U.K. Logistics Assets to Tritax Big Box REIT for £1.04 Billion"

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