St Modwen Logistics has combined with another sector specialist to create a new industrial and logistics warehousing company serving thousands of customers UK-wide.
Indurent has been formed after St Modwen Logistics joined with Industrials REIT in a bid to complement strengths and tap an undersupply of industrial and logistics space in key locations across the nation.
The new operation has a portfolio comprising more than 27 million sq ft of industrial and logistics space, ranging from urban light industrial units to developments utilised for national distribution, production or manufacturing.
This includes a number of sites across Stoke-on-Trent and the rest of Staffordshire.
The new company will serve a diverse customer base of more than 2,000 businesses.
It combines St. Modwen Logistics’ expertise in large-scale, strategically located logistics properties with Industrials REIT’s experience in managing multi-let industrial estates.
The newly integrated business, which is owned by investment funds managed by Blackstone is led by Chief Executive Julian Carey.
He said: “This is an incredibly exciting milestone which brings together a market-leading customer focused operating platform and proven development capability to create Indurent, a fully integrated industrial and logistics company that can support our customers at all stages of their lifecycle.
