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Blackstone: New Industrial Merger Plan Explained

Blackstone Inc. is advancing its position in the UK’s industrial property market by merging St Modwen and Industrials REIT with assets from 25 other acquisitions to establish Indurent, a formidable new entity.

A sign outside the Blackstone headquarters in New York. PHOTO: Nina Westervelt/WSJ
A sign outside the Blackstone headquarters in New York. PHOTO: Nina Westervelt/WSJ

This strategic amalgamation will position Indurent among the UK’s top logistics property owners, managing over 200 properties that

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