Logistics duo join forces to bring forward Derby site

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St. Modwen Logistics, the developer behind St. Modwen Park Derby, has merged with Industrials REIT to form a new company called Indurent.

The new business, owned by investment funds managed by Blackstone and led by CEO Julian Carey, manages a national portfolio of over 27m sq ft of industrial and logistics space.

It includes urban light industrial units, delivery facilities and mid to large-scale developments for national distribution, production and manufacturing.

Since acquiring St. Modwen and Industrials REIT in 2021 and 2023, Blackstone has invested well over £2bn in the logistics businesses.

The 67-acre Indurent Park Derby, located adjacent to the A52 and Pride Park, offers logistics and production space through a mix of speculative and bespoke developments.

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 link source - The Business Desk

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