{"id":76752,"date":"2024-02-14T00:00:00","date_gmt":"2024-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/"},"modified":"2024-02-14T00:00:00","modified_gmt":"2024-02-14T00:00:00","slug":"blackstone-to-set-up-new-mega-property-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/","title":{"rendered":"Blackstone to set up new mega property company"},"content":{"rendered":"

<\/strong>Blackstone forms a logistics warehouse property giant:<\/strong> Private Equity firm Blackstone<\/a> will merge the managements of property developers and investors St Modwen<\/a> and Industrial Reit<\/a> to create a new company, Indurent, which will boast a 200 property portfolio, Bloomberg<\/a> reported earlier this week, citing a staff memo. Indurent\u2019s mega portfolio will collectively span some 26 mn square feet, making the company one of the UK\u2019s largest owners of logistics properties. The creation of Indurent could usher in a sale or an IPO, Bloomberg writes.<\/p>\n

Blackstone has invested in warehouses properties in the UK<\/strong>, pouring in some GBP 2.1 bn in the development of St Modwen and Industrials Reit. \u201cUK logistics is a high conviction theme for Blackstone given our portfolio\u2019s exceptionally strong performance and favorable long-term fundamentals in the sector,\u201d Seppala said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blackstone forms a logistics warehouse property giant: Private Equity firm Blackstone will merge the managements of property developers and investors St Modwen and Industrial Reit to create a new company, Indurent, which will boast a 200 property portfolio, Bloomberg reported earlier this week, citing a staff memo. Indurent\u2019s mega portfolio will collectively span some 26 […]<\/p>\n","protected":false},"author":1,"featured_media":76753,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-storage-warehouses","wpautop","entry"],"acf":{"mongo_id":"6e652f05-9cda-460c-b908-9c87de06bec7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1258.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Blackstone to set up new mega property company","related_issue":[76735],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.6d3486b7-a994-4400-ac56-310e540f3c35.mp3"},"yoast_head":"\nBlackstone to set up new mega property company - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone to set up new mega property company\" \/>\n<meta property=\"og:description\" content=\"Blackstone forms a logistics warehouse property giant: Private Equity firm Blackstone will merge the managements of property developers and investors St Modwen and Industrial Reit to create a new company, Indurent, which will boast a 200 property portfolio, Bloomberg reported earlier this week, citing a staff memo. Indurent\u2019s mega portfolio will collectively span some 26 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1258.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Blackstone to set up new mega property company\",\"datePublished\":\"2024-02-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1258.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AROUND THE WORLD\",\"STORAGE + WAREHOUSES\"],\"articleSection\":[\"Around the World\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/14\/blackstone-to-set-up-new-mega-property-company\/\",\"name\":\"Blackstone to set up new mega property company - 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