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](https://krugmaninsights.com/wp-content/uploads/2023/12/download-_2_-3-e1706713842121.webp)
This strategic amalgamation will position Indurent among the UK’s top logistics property owners, managing over 200 properties that