Warehouse REIT has received a final £489m possible cash offer from private equity giant Blackstone Europe.
In a stock exchange announcement, the Warehouse REIT board said it would be minded to recommend the deal to its shareholders if Blackstone firms up its interest.
The deal represents a 39.6% premium to the REIT’s closing price of 82.4p on 28 February.
It also comes at a 42.5% premium to the trust’s three-month average share price of 80.7p.
Warehouse REIT shares currently trade at a 16.34% discount to its share price, according to the Association of Investment Companies.
See also: Drax rivals Foresight bid for HEIT