Warehouse REIT

Warehouse REIT
Company type
Public limited company
LSE: WHR
IndustryProperty
Founded2013; 13 years ago (2013)
HeadquartersLondon, United Kingdom
Key people
  • Neil Kirton (chairman)
RevenueDecrease £47.2 million (2024)[1]
Increase £55.6 million (2024)[1]
Increase £34.3 million (2024)[1]
Websitewww.warehousereit.co.uk

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.[2][3]

It went on to buy a portfolio of 51 warehouses from Hansteen Holdings for £116 million in February 2018.[4]

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.[5]

In July 2020, it raised a further £150 million and immediately began deploying the proceeds on the purchase of further warehouses.[6]

In September 2020, the company acquired an Amazon Fulfilment Centre in Chesterfield from Tritax Big Box REIT for £57 million.[7]

The company raised a further £46 million in February 2021 and used some of the money raised to buy two warehouses in Harlow.[8]

The company moved to the main market of the London Stock Exchange in July 2022.[9][10][11]

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.[12]

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.[13] Its portfolio was valued at £0.8 billion as at 31 March 2023.[1]

References

  1. ^ a b c d "Annual Report 2024" (PDF). Warehouse REIT. Retrieved 11 February 2025.
  2. ^ "Warehouse REIT joins ever-growing 2017 IPO list". EGI Radius. Retrieved 24 August 2022.
  3. ^ "Warehouse REIT pulls in £150M in oversubscribed London IPO". S&P Global. 15 September 2017. Retrieved 24 August 2022.
  4. ^ "Warehouse REIT buys Hansteen's UK multi-let portfolio for £116m". IPE Real Estate. 5 February 2018. Retrieved 24 August 2022.
  5. ^ "Warehouse REIT buys in Northampton and Aberdeen". Quoted Data. 15 April 2019. Retrieved 24 August 2022.
  6. ^ "Warehouse REIT's £43.6m deal an 'increasingly rare opportunity'". The Business Desk. 16 November 2020. Retrieved 24 August 2022.
  7. ^ "Real estate investor sells Amazon's Derbyshire fulfilment centre for almost £60m". Business Live. 7 September 2020. Retrieved 24 August 2022.
  8. ^ "Warehouse REIT announces fundraise and Harlow acquisition". Quoted Data. 5 February 2021. Retrieved 24 August 2022.
  9. ^ "Warehouse Reit plans main market move as it hits £1bn". CityWire. 25 May 2022. Retrieved 24 August 2022.
  10. ^ "Logistics boom: Warehouse investment trust launches on London's main market". 24 May 2022. Retrieved 24 August 2022.
  11. ^ "Warehouse Reit plans main market move as it hits £1bn". Association of Investment Companies. 25 May 2022. Archived from the original on 20 September 2022. Retrieved 24 August 2022.
  12. ^ "Blackstone Secures Control of Warehouse REIT in £489 Million All-Cash Takeover". UKREiiF. 8 September 2025.
  13. ^ "Warehouse Reit offers ecommerce exposure at a bargain price". Investors Chronicle. 30 December 2020. Retrieved 24 August 2022.

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