Tritax terminated the acquisition of Warehouse Reit for £485m.

Tritax, a real estate investment trust that focuses on acquiring, managing, and developing large-scale logistics real estate throughout the UK, terminated the acquisition of Warehouse Reit, a real estate investment trust with a portfolio and investment strategy focusing on urban warehouses, for £485m. BBOX has confirmed to Warehouse REIT that it has no intention to exercise its right to implement the BBOX Offer by way of a takeover offer as an alternative to the proposed scheme of arrangement. BBOX has also confirmed to Warehouse REIT that it no longer wishes to proceed with the BBOX Offer.