** Shares of Warehouse REIT WHRW.L rise as much as 20.2% to 101.9p, highest since June 2023
** Stock top pct. gainer on FTSE Small Cap .FTSC index
** The warehousing specialist on Monday rejected possible all-cash 110.5p/share offer from consortium of Blackstone Europe and Sixth Street Partners
** Proposal, put forward on February 23, valued the property firm at 470 mln pounds ($597.5 mln)
** Consortium's fourth-indicative proposal, which includes Q3 dividend of 1.6p/share, represents premium of 34.1% to stock's close on February 28
** Shore Capital analyst Andrew Saunders says proposal fails to fully reflect full potential of the business, unique attractions of the multi-let industrial property market
** Stock up ~25% YTD
($1 = 0.7866 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))
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