Blackstone begins investor talks on potential £6B exit from UK logistics platform Indurent
The private equity giant is exploring a London listing or sale of its industrial property platform, though any deal is at least 18 months away
Blackstone has started meeting with investors to discuss a potential exit from Indurent, its UK industrial and logistics property platform, at an implied valuation of roughly £6 billion (approximately $7.6B). The conversations are centered on whether to pursue a London listing or an outright sale.
Any actual transaction is projected to be at least 18 months out.
What Blackstone built, and why it matters
Indurent was born in February 2024 through the merger of two Blackstone-owned entities: Industrials REIT, which Blackstone acquired in 2023, and St Modwen Logistics. In roughly two years, the platform has grown into a formidable presence in UK logistics real estate, now managing over 27 million square feet of warehouse and industrial space.
Indurent deployed over £1 billion in investments during its first year alone, expanding its footprint by more than 5 million square feet.
Julian Carey serves as CEO, overseeing a portfolio that caters to thousands of customers across the UK.