Blackstone begins investor talks on potential £6B exit from UK logistics platform Indurent
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
