{{Short description|British property company}} {{Use dmy dates|date=September 2022}} {{Use British English|date=September 2022}} {{Infobox company | name = Warehouse REIT | logo = Warehouse REIT logo.jpg | type = Public limited company | traded_as = {{lse|WHR}} | foundation = {{start date and age|df=yes|2013}} | location = London, United Kingdom | key_people = {{ubl |Neil Kirton (chairman) }} | industry = Property | products = | revenue = {{decrease}} £47.2 million (2024)<ref name=ar>{{cite web|url=https://warehousereit.co.uk/media/wpxpklie/31808-warehouse-reit-ar2024-interactive-25062024.pdf|title=Annual Report 2024|publisher=Warehouse REIT|access-date=11 February 2025}}</ref> | operating_income ={{increase}} £55.6 million (2024)<ref name=ar/> | net_income ={{increase}} £34.3 million (2024)<ref name=ar/> | homepage = {{URL|https://www.warehousereit.co.uk/}} | footnotes = }} '''Warehouse REIT''' is a property company which invests in the provision of warehousing. The company was listed on the London Stock Exchange until it was acquired by Blackstone in September 2025.
==History== The company was established by Tilstone Partners in June 2013 and was launched on the Alternative Investment Market in September 2017 raising £150 million.<ref>{{cite news|url= https://www.egi.co.uk/news/warehouse-reit-joins-ever-growing-2017-ipo-list/?region=news-region-england-east-midlands |title= Warehouse REIT joins ever-growing 2017 IPO list|newspaper=EGI Radius| access-date=24 August 2022}}</ref><ref>{{cite news|url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/rf__eusn2y2e_ymqfmzrmq2 |title= Warehouse REIT pulls in £150M in oversubscribed London IPO|date=15 September 2017|newspaper=S&P Global| access-date=24 August 2022}}</ref>
It went on to buy a portfolio of 51 warehouses from Hansteen Holdings for £116 million in February 2018.<ref>{{cite news|url=https://realassets.ipe.com/real-estate/warehouse-reit-buys-hansteens-uk-multi-let-portfolio-for-116m/10023048.article |title=Warehouse REIT buys Hansteen's UK multi-let portfolio for £116m|date=5 February 2018|newspaper=IPE Real Estate| access-date=24 August 2022}}</ref>
In April 2019, it bought a warehouse in Northampton, let to the John Lewis Partnership, and a warehouse in Aberdeen, let to various tenants, for £37 million.<ref>{{cite news|url=https://quoteddata.com/2019/04/warehouse-reit-buys-northampton-aberdeen/ |title= Warehouse REIT buys in Northampton and Aberdeen|date=15 April 2019|newspaper=Quoted Data| access-date=24 August 2022}}</ref>
In July 2020, it raised a further £150 million and immediately began deploying the proceeds on the purchase of further warehouses.<ref>{{cite news|url=https://www.thebusinessdesk.com/northwest/news/2069699-warehouse-reits-43.6m-deal-an-increasingly-rare-opportunity |title= Warehouse REIT's £43.6m deal an 'increasingly rare opportunity'|date=16 November 2020|newspaper=The Business Desk| access-date=24 August 2022}}</ref>
In September 2020, the company acquired an Amazon Fulfilment Centre in Chesterfield from Tritax Big Box REIT for £57 million.<ref>{{cite web|url= https://www.business-live.co.uk/commercial-property/real-estate-investor-sells-amazons-18876404 |title= Real estate investor sells Amazon's Derbyshire fulfilment centre for almost £60m|date=7 September 2020|newspaper=Business Live| access-date=24 August 2022}}</ref>
The company raised a further £46 million in February 2021 and used some of the money raised to buy two warehouses in Harlow.<ref>{{cite web|url= https://quoteddata.com/2021/02/warehouse-reit-announces-fundraise-harlow-acquisition/ |title= Warehouse REIT announces fundraise and Harlow acquisition|date=5 February 2021|newspaper=Quoted Data| access-date=24 August 2022}}</ref>
The company moved to the main market of the London Stock Exchange in July 2022.<ref>{{cite news|url= https://citywire.com/investment-trust-insider/news/warehouse-reit-plans-main-market-move-as-it-hits-1bn/a2388295 |title= Warehouse Reit plans main market move as it hits £1bn|date=25 May 2022|newspaper=CityWire| access-date=24 August 2022}}</ref><ref>{{cite news|url= https://www.cityam.com/logistics-boom-warehouse-investment-trust-launches-on-londons-main-market/ |title= Logistics boom: Warehouse investment trust launches on London's main market|date=24 May 2022| access-date=24 August 2022}}</ref><ref>{{cite news |date=25 May 2022 |title=Warehouse Reit plans main market move as it hits £1bn |url=https://www.theaic.co.uk/aic/news/citywire-news/warehouse-reit-plans-main-market-move-as-it-hits-ps1bn |archive-url=https://web.archive.org/web/20220920171618/https://www.theaic.co.uk/aic/news/citywire-news/warehouse-reit-plans-main-market-move-as-it-hits-ps1bn |archive-date=2022-09-20 |access-date=24 August 2022 |newspaper=Association of Investment Companies}}</ref>
In September 2025 investment company Blackstone acquired a controlling stake of Warehouse REIT, after its £489m all-cash offer was accepted by over 51% of shareholders.<ref>{{cite news|url= https://www.ukreiif.com/investment-news/blackstone-secures-control-of-warehouse-reit-in-489-million-all-cash-takeover/ |title= Blackstone Secures Control of Warehouse REIT in £489 Million All-Cash Takeover|date=8 September 2025|newspaper=UKREiiF}}</ref>
==Operations== The company specialises in warehousing. It is managed by Tilstone Partners and lets the properties to logistics and retail businesses. Its main tenants include Amazon, the John Lewis Partnership and DFS Furniture.<ref>{{cite news|url= https://www.investorschronicle.co.uk/ideas/2020/12/30/warehouse-reit-offers-ecommerce-exposure-at-a-bargain-price/ |title= Warehouse Reit offers ecommerce exposure at a bargain price|date=30 December 2020|newspaper=Investors Chronicle| access-date=24 August 2022}}</ref> Its portfolio was valued at £0.8 billion as at 31 March 2023.<ref name=ar/>
==References== {{reflist}}
==External links== *[https://www.warehousereit.co.uk/ Official site]
Category:British companies established in 2013 Category:Companies listed on the London Stock Exchange Category:Companies based in London