Canadian private equity giant Brookfield Asset Management is mulling an offer for Tritax EuroBox.
The company said that it was in the early stages of making an offer for the FTSE 250 company.
Tritax EuroBox has a market cap of around £484m, but its shares currently trade at a discount of around 33% to net asset value (NAV).
Tritax Eurobox owns a portfolio of logistics assets across Europe including in in Spain, Germany, the Netherlands, Belgium and Italy. Brookfield has until 1 July to make an offer.
If a deal was to progress, it would be the latest merger and acquisition (M&A) activity in the sector in recent months. There have been several high profile deals so far this year including LondonMetric’s merger with LXi REIT, and EuroBox’s sister fund Tritax Big Box REIT’s acquisition of UK Commercial Property REIT.