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Announced

Completed

Blackstone completed the acquisition of WPT Industrial REIT for $3.1bn.

Financials

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Transaction Value£2,234m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium17.1%
One Off Charge-

Tags

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Real Estate

Friendly

Canada

real estate investment trust

Private Equity

Public

Acquisition

Commercial REITs

Single Bidder

Majority

Cross Border

Completed

Synopsis

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The Blackstone Group completed the acquisition of WPT Industrial REIT, a Canadian real estate investment trust that invests in institutional-quality distribution and logistics properties in top tier industrial markets, for $3.1bn. “Logistics remains one of our highest conviction themes as the sector continues to benefit from strong tailwinds driven by e-commerce,” David Levine, Blackstone Senior Managing Director.

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