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Tag: Indurent

Indurent Hits Milestone: 18 % Portfolio Growth in First Year

Posted on by Will Priestman

In just twelve months from its July 2024 launch, Indurent—a prominent developer, owner, and operator of UK industrial and logistics real estate—has delivered impressive results: more than £1 billion invested and 18 % growth in its portfolio. Indurent

A Strong Start from Day One

Formed through the integration of St Modwen Logistics and Industrials REIT, Indurent began with a robust foundation—solid development capabilities, a deep landbank, and a streamlined operating platform. Since inception, the company has scaled both workforce and operations with remarkable speed. Indurent

Scaling Up: Space, People, and Clients

  • Portfolio footprint: Expanded from approximately 27 million sq ft to 32 million sq ft, covering both multi-let industrial and big-box logistics formats across the UK Indurent.
  • Team growth: Workforce increased by nearly 30 %, now standing at 230 employees Indurent.
  • Client base: Now serving 2,500+ customers, from local trades to global giants like Amazon, and creative disruptors such as N2 Creative (set builders for Gangs of London) Indurent.

Leasing Momentum and Noteworthy Deals

Indurent has leased over 2.4 million sq ft of space across nearly 450 transactions during this period. Standout agreements include:

  • Herman Miller committing to a 110,000 sq ft build-to-suit unit at Indurent Park Chippenham.
  • AerFin, an aviation specialist, moving its headquarters into a 116,000 sq ft office and industrial facility at Indurent Park Newport—doubling its capacity. Indurent

Leadership Insight: Building a Sustainable Future

Julian Carey, CEO of Indurent, reflects on a milestone year:

“The strong momentum we’ve built in our first year as Indurent reflects the strength of our portfolio. We’ve been able to scale at pace, delivering highly sustainable space in prime locations and deploying market-leading tools like Hive to meet the needs of modern businesses.”

“There is growing recognition that logistics and industrial infrastructure form the backbone of the modern economy. Planning reform, supply constraints, and occupier demand are all creating tailwinds for growth. We’ve laid a strong foundation in year one, and we’re excited to build on it.”

Planning Consent Received for Modern Logistics Space

Posted on by David Priestman

Indurent, a developer and operator of industrial and logistics space across the UK, has secured detailed planning approval to deliver c.385,000 sq ft of modern, sustainable industrial and logistics space across two units in Uttoxeter, Staffordshire, UK.

Indurent will deliver the two units, comprising c.300,000 sq ft and c.85,000 sq ft respectively, as part of the wider 127-acre mixed-use Uttoxeter SUE scheme. Each unit will be delivered to the ‘Indurent Code’ of sustainable development, targeting a minimum of BREEAM ‘Excellent’ and EPC A or A+ rating. Each building will provide high-specification office space alongside an adaptable industrial floorplate.

The wider site, which received outline planning consent in 2022, will deliver 4.6 hectares of employment space alongside up to 162 new homes and new landscaped areas for local residents and workers. Indurent Park Uttoxeter is expected to create 580 new full-time jobs once complete, as well as 160 construction roles during the development process.

Indurent Park Uttoxeter is located adjacent to the A50 and A522, providing a direct road connection to the northern bypass, which is situated between Stoke-on-Trent and Derby, and offering customers access to transport connections to the wider Midlands and north west of England. Uttoxeter’s prime location in the West Midlands also provides customers with access to Staffordshire’s strong local workforce. Its excellent regional and national road connections, combined with the sector’s favourable pay relative to other UK industries, make the park an attractive destination for talented local workers.

Jessica Evans, Senior Planning Manager at Indurent, commented: “Indurent Park Uttoxeter will provide a significant boost to Staffordshire’s economy, through the creation of over 700 jobs across a range of employment types in the construction and operational phases. The development will create high-quality, modern and sustainable workspaces suitable for businesses across industrial and distribution industries, as well as high-growth sectors that are expanding in the West Midlands, such as advanced manufacturing.”
This latest planning consent forms part of Indurent’s ambitious growth plans, with the company targeting portfolio growth through acquisitions and more than 2 million sq ft of development per year from its c.27 million sq ft consented landbank.

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Indurent Launched as Warehouse Property Company

 

Planning Submitted for Prime East Midlands Warehouse

Posted on by David Priestman

Indurent, a leading developer and operator of industrial and logistics space of all sizes across the UK, and PLP, the specialist industrial and logistics developer, have submitted a detailed planning application to North West Leicestershire District Council for the development of a Grade A c.644,000 sq ft logistics facility.

This prime East Midlands site spans 38 acres and is located immediately adjacent to Junction 24A of the M1 motorway providing direct access to 85% of the UK population within a 4-hour drive time, with Nottingham, Derby and Leicester conurbations nearby. Proximity to the East Midlands Gateway rail freight terminal and the East Midlands airport provide multi-modal logistics connectivity opportunities to the site.

The proposed development, designed by Michael Sparks Associates, will be delivered speculatively and is targeted for completion in Q1 2026. The building has been carefully designed to meet the flexible needs of large-scale logistics and industrial occupiers, who face a national shortage of well-connected buildings in the 600,000 sq ft size range.

Jake Shilston, Development Director, Indurent said “Our proposal for this site will provide businesses with a state-of-the-art logistics facility in a prime location in the Golden Triangle, with easy access to customers across the UK and Europe. We are confident this development will boost economic growth by creating employment opportunities for local residents and businesses in North West Leicestershire and the East Midlands.”

Neil Dickinson, Chief Investment Officer, at PLP said: “PLP looks forward to working closely with Indurent to deliver an extremely rare opportunity within the UK market. This speculative development will be delivered to a high specification in a prime location, and I have no doubt that we will secure a blue-chip occupier for this facility.”

The cross-docked unit will be built to a market-leading specification and associated sustainability credentials. The development will provide up to 5.4 MVA of power and will offer a unique opportunity for occupiers seeking best-in-class logistics and industrial space in the heart of the Midlands. Indurent and PLP are represented by Cushman & Wakefield and Savills.

Indurent launched in July 2024 following the integration of Industrials REIT and St. Modwen Logistics, two of the UK industrial and logistics sector’s leading developers and operators. Indurent owns and operates 28 million sq ft of industrial and logistics space across the UK, ranging from multi-let industrial space through to big-box warehousing, and supports more than 2,000 businesses across all industry sectors.

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Indurent Launched as Warehouse Property Company

 

Planning Consent for Logistics Development

Posted on by David Priestman

Indurent, a leading developer and operator of industrial and logistics space of all sizes across the UK, has secured planning consent for a new 432,000 sq ft industrial and logistics development, which will be known as Indurent Park Lichfield.

The park will comprise eight mid-box units ranging from 36,000 sq ft to 83,000 sq ft, reflecting high demand for mid-sized warehousing from local and national businesses, as well as leading global occupiers across a range of industry sectors including manufacturing, ecommerce and distribution. Construction of the speculatively developed facility is expected to commence in 2025, with the first phase of completion due in 2026.

Each unit will be delivered to the highest design and environmental standards, achieving a minimum BREEAM ‘Excellent’ rating for sustainability and EPC ‘A’ accreditation for energy efficiency. The units will all benefit from the installation of solar PV, which is expected to offset on-site energy demand by c.75%, with all office space powered by renewable energy. The development is also forecast to deliver a 13% biodiversity net gain through the planting of new woodland and grassland on-site.

Indurent has consulted local stakeholders extensively on the plans for the park, creating a new location-specific design code which ensures the development respects local heritage. Indurent Park Lichfield is expected to create 250 jobs during the construction process. Once complete, the park is expected to support an additional c. 820 full-time jobs across a range of positions, with each unit complementing high-quality warehousing with grade A office space to house administrative and executive functions, alongside traditional warehousing roles.

Mid-box warehousing

Jessica Evans, Senior Planning Manager at Indurent, commented: “The approval of Indurent Park Lichfield will help to address the region’s acute undersupply of modern mid-box warehousing and deliver significant social and economic value for the region. Having engaged extensively with the local community throughout the planning process, the approval builds on Indurent’s successful track record of development in Staffordshire, where we provide over three million sq ft of high-quality space and support the success of customers of all sizes seeking to benefit from the Midlands’ national connectivity and large, skilled workforce.”

Indurent Park Lichfield is located adjacent to the Swinfen Interchange roundabout, which provides access to the nearby M6 motorway and enables customers to access a broad catchment across Staffordshire and the wider Midlands. Birmingham city centre is accessible by car in under 30 minutes, with Derby and Coventry each within a 40-minute drive of the park.

Indurent launched in July 2024 following the integration of Industrials REIT and St. Modwen Logistics, two of the UK industrial and logistics sector’s leading developers and operators. Indurent owns and operates 27 million sq ft of industrial and logistics space across the UK, ranging from multi-let industrial space through to big-box warehousing, and supports more than 2,000 businesses across all industry sectors. In Staffordshire, its assets include Indurent Park Stoke Central, which counts Overclockers UK and National Veterinary Services among its occupiers, and Indurent Park Burton where the final phase of development is near to completion on the 1m sq ft park.

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Indurent Launched as Warehouse Property Company

 

Indurent Launched as Warehouse Property Company

Posted on by David Priestman

Indurent, a developer and operator of industrial and logistics space, launched today by bringing together specialist multi-let industrial property company, Industrials REIT, and logistics developer and manager, St. Modwen Logistics.

The newly integrated business, which is owned by investment funds managed by Blackstone, and led by chief executive Julian Carey (pictured) and an experienced leadership team drawn from both businesses, has a portfolio comprising more than 27 million sq ft of industrial and logistics space. This ranges from urban light industrial units and ‘last-mile’ delivery facilities to mid and big-box developments utilised for national distribution, production, or manufacturing.

Indurent is one of the U.K.’s largest owners of logistics property and has an established footprint across all the U.K.’s major cities, as well as a diverse customer base of more than 2,000 businesses, ranging from local traders and SMEs to global blue-chip corporates.

Indurent and its occupiers will benefit from Industrials REIT’s market-leading ‘Hive’ technology platform, which supports direct marketing to customers and a frictionless occupier experience to help drive customer satisfaction and reduce vacancy periods. This will be combined with the development capability and considerable land bank of St. Modwen Logistics, which delivered c.4 million sq ft of space in the past two years.

The new Indurent management team also includes Tom Olsen (Chief Financial Officer), James Cooper (Head of Investment), Lee Nash (Head of Development) and Sarah Bellilchi (General Counsel). The business will operate from offices in both London and Stockport.

Julian Carey, CEO of Indurent, 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. An undersupply of industrial and logistics space in key locations means we have an exciting opportunity to establish a truly national platform that will help businesses access the space they need. With Blackstone’s support, we are well placed to deploy capital where we see attractive acquisition opportunities and deliver on our ambitious development pipeline.”

James Seppala, Head of European Real Estate, Blackstone, said: “U.K. logistics is a high conviction theme for Blackstone given the exceptionally favourable long-term fundamentals in the sector. As the market continues to evolve and mature, Indurent’s outstanding team and best in class approach to customer service across an expanded portfolio puts it in the best position for this next phase of growth.”

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

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Speculative Development for St. Modwen Logistics

 

Aviation Service Company gets new HQ at Logistics Park

Posted on by Keith McKinley

Global aviation service provider AerFin has announced that it has signed a 10-year lease agreement with St. Modwen Logistics, one of the UK’s leading logistics developers and managers, for a new 115,000 sq ft facility at St. Modwen Park Newport, which will act as the company’s global headquarters from the end of 2024.

The facility offers custom-built space for enhanced aviation aftermarket services activities, including engine disassembly and maintenance, repair and overhaul operations, as well as traditional warehousing and logistics. The agreement doubles AerFin’s engine MRO (maintenance, repair, overhaul) capacity to around 200 quick-turn shop visits per year and expands its UK storage capacity by a third.

Additionally, the c.5,600 sq ft of high-specification office space offers a modern, comfortable environment in which to drive the continued growth of AerFin’s global commercial operations with a superior employee experience that also delivers net zero carbon operations via reduced energy usage.

Earlier this year, Blackstone announced that from July 2024, St. Modwen Logistics’ portfolio of assets will become part of Indurent, a new pure play UK logistics champion. The business will have more than 200 assets totalling 26 million sq ft of logistics space.

Simon Bayliss, Chief Operating Officer at AerFin, commented: “We are pleased to commit to our new, global headquarters, marking a significant milestone in AerFin’s growth story. This move will significantly enhance our operational capacity and position us well for continued expansion. We are collaborating with our selected contractors to ensure the space is fully functional by year-end to allow us to take advantage of the new facility’s unparalleled, advanced features”.

Peter Davies, Senior Development Director at St Modwen Logistics, added: “The growth story of Aerfin from local consultancy to global player in the aviation world is impressive, and we are proud they have chosen St. Modwen Park Newport to base their new global headquarters. AerFin’s arrival is yet another feather in the cap for the park and its growing reputation as an attractive home for big business, with Grade A office space as standard, plus space for both production and distribution operations under one roof.”

Built in line with St. Modwen Logistics’ ‘Swan Standard’ – a holistic set of sustainable development guidelines – AerFin’s new headquarters has been rated as ‘Excellent’ by BREEAM, the certification body for sustainable construction, and comes complete with an EPC A+ rating to demonstrate the building’s energy efficiency.

St. Modwen Logistics Park, Newport

As well as offering 15% roof lights, reducing the need for artificial lighting throughout the day and creating a naturally bright environment for employees, the building also comes complete with 985 sq m of rooftop solar PV as standard, which could lead to savings of up to £59,000 a year.

St. Modwen Park Newport is encouraging a diverse range of fast-growing manufacturing and distribution businesses to the region, providing flexible opportunities to the occupier market within the industrial and logistics sectors and beyond.

The 100-acre business park is strategically located at the gateway to South Wales, around 18 miles from Cardiff and 25 miles from Bristol. Junction 23a of the M4 motorway is within 4 miles via the A4810/Queen’s Way. The estate and surrounding area benefits from the de-tolling of the Severn Bridge, further enhancing its location and access to the South West and Wales.

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St. Modwen Logistics Acquires Distribution Hub

 

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