U.S. private equity firm Blackstone on Thursday raised its offer for Warehouse REIT to about 489 million pounds ($666 million ...

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The new bid values Warehouse REIT at 489 million pounds ($664.4 million), a higher price than the previous bid made by U.K. real-estate investment trust Tritax Big Box, Blackstone said.

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The mega facility will accommodate up to 3 tenants with 60 loading docks for business-to-business distribution.

Blackstone said on Thursday it had raised its offer to buy Warehouse REIT to 115 pence per share, valuing the British firm at ...