Pass the parcel
London’s M&A mini-boom gathered pace this week after warehouse owner Tritax Big Box unwrapped a £924 million offer for rival UK Commercial Property.
That might not be the only warehouse deal in town.
Spy notes a new entity was registered a few days ago called ‘Urban Logistics Bidco’ — which sounds an awful lot like a company set up to make a bid for FTSE 250 warehouse firm Urban Logistics.
But the man behind the firm did not give much away, telling Spy he had “nothing to report” on whether a takeover was currently in the works.
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