Blackstone, Tritax Big Box Near £1 Billion Logistics Deal: Sky

US investment group Blackstone Inc. is close to striking a £1 billion ($1.3 billion) deal to sell logistics assets to Tritax Big Box REIT Plc, just weeks after the two tangled over another UK property company, Sky News reported on Sunday, citing industry sources it didn’t identify.

A transaction may involve Blackstone taking an equity stake in Tritax Big Box, which is valued at about £3.65 billion, according to the report.

If completed, it would make Blackstone one of the London-listed group’s biggest shareholders, Sky said. An announcement could come within days, with final details still being negotiated, according ...