Street Calls of the Week
LONDON - Warehouse REIT plc announced Wednesday that its board of directors has undergone a complete change following Blackstone’s successful takeover of the company.
All six previous directors, including Chairman Neil Kirton, have resigned after Wapping Bidco Ltd, a company indirectly owned by Blackstone investment funds, declared its offer for Warehouse REIT "wholly unconditional" on Monday.
Peter Krause and Sumedha Goenka, both Blackstone representatives, have been appointed as non-executive directors to the board.
Krause, a Senior Managing Director in Blackstone’s Real Estate Group based in London, specializes in logistics sector investments across Europe. Since joining Blackstone in 2011, he has worked on several of the firm’s European logistics investments, including Logicor, Mileway, St. Modwen Properties plc, and Hansteen Holdings plc.
Goenka serves as a Managing Director in Blackstone’s Real Estate Group and is also London-based. Having joined Blackstone in 2013, she has been involved in various European investments including OfficeFirst, HI Partners and Mileway.
The company stated there are no disclosures required under UKLR 6.4.8 R of the UK Listing Rules regarding the appointment of Krause and Goenka.
The board changes follow Blackstone’s recent acquisition of Warehouse REIT, as disclosed in the company’s press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.