The company was established by Tilstone Partners in June 2013 and was launched on the
Alternative Investment Market in September 2017 raising £150 million. It went on to buy a portfolio of 51 warehouses from
Hansteen Holdings for £116 million in February 2018. In April 2019, it bought a warehouse in
Northampton, let to the
John Lewis Partnership, and a warehouse in
Aberdeen, let to various tenants, for £37 million. In July 2020, it raised a further £150 million and immediately began deploying the proceeds on the purchase of further warehouses. In September 2020, the company acquired an Amazon Fulfilment Centre in
Chesterfield from
Tritax Big Box REIT for £57 million. The company raised a further £46 million in February 2021 and used some of the money raised to buy two warehouses in
Harlow. The company moved to the main market of the
London Stock Exchange in July 2022. In September 2025 investment company
Blackstone acquired a controlling stake of Warehouse REIT, after its £489m all-cash offer was accepted by over 51% of shareholders. ==Operations==