Indurent
 Indurent(Property)     | |
|---|---|
| Made a lot of money from sale of the 25-acre site for Manchester United's new stadium |
Indurent is a Blackstone portfolio company which was established in 2024 by bringing together the former Industrials REIT and St Modwen Logistics businesses. Indurent is one of the UK’s leading providers of industrial and logistics warehousing for success for over 2,500 customers, ranging from SMEs to multinationals across the UK.[1]
With more than 200 properties covering around 26 million square feet, Indurent reflects Blackstone’s commitment to capitalising on the robust growth and resilient fundamentals of the UK logistics sector[corporate PR language], underscored by a £2.1 billion investment in the development pipelines of St Modwen and Industrials REIT.[2]
Manchester stadium
On 22 June 2026, Manchester United announced it had secured the majority of the land needed to build a new 100,000-seat stadium. The 25-acre site, located 350 metres north-west of Old Trafford, between Wharfside Way, Europa Way and John Gilbert Way, was purchased from Indurent, a UK warehouse landlord owned by the American private equity giant Blackstone Inc. The price was undisclosed. The deal was described as a “significant milestone.”
On the same day, Andy Burnham left office, sworn in as an MP for Makerfield and standing down as Mayor of Greater Manchester. The BBC, reporting the land deal in a sports dispatch, noted the two events in the same breath without drawing the connection.[3]
