Industrials REIT
Industrials REIT is a UK-focused REIT owning 104 multi-let industrial estates (1,801 units, 7.1m sq ft, £491.57m gross portfolio value) leased primarily to SMEs, eCommerce, and logistics tenants. Acquired by Blackstone in June 2023, it operates its proprietary Industrials Hive platform and Smart Lease product.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Industrials REIT does
Industrials REIT is a UK-focused Real Estate Investment Trust (REIT) specializing in multi-let industrial (MLI) estates. The company owns and operates 104 assets comprising 1,801 units totaling approximately 7.12 million square feet of industrial space with a gross portfolio value of £491.57 million and £34 million of annual gross rental income. Its tenant base of more than 1,100 unique customers is heavily oriented toward small and medium-sized enterprises (SMEs), supplemented by eCommerce and logistics businesses requiring last-mile distribution hubs and light manufacturing occupiers benefiting from UK reshoring trends. Unit sizes typically range from 500 sq ft to 10,000 sq ft under three-to-five-year lease terms.
The company's strategic differentiation rests on the Industrials Hive platform, a proprietary cloud-based, mobile-friendly operating system that manages the complete leasing lifecycle across the portfolio — including CRM, digital transaction management, billing and credit control, business intelligence, finance and operating systems, content management, websites, apps, and third-party integrations. Layered on top of the platform is the Smart Lease product, a simplified direct-to-landlord lease with fixed pricing designed to compress the complexity, time, and cost of commercial leasing for SME tenants. The platform underpins the customer-facing Industrials.co.uk brand and supports a sales-led, direct-to-tenant leasing model.
Industrials REIT generates revenue primarily through recurring monthly rental income from industrial units, with pricing set per square foot and varying by location, unit size, and lease terms. The company's go-to-market combines a sales-led approach for SME tenants with an enterprise investment team (minimum lot size £5m) sourcing additional MLI estates for acquisition. Following its June 2023 acquisition by funds managed by Blackstone for over £700 million enterprise value, the company operates as a private entity under Blackstone ownership, with Julian Carey succeeding founder Paul Arenson as Chief Executive Officer. Headquartered in London with a regional office in Stockport, the company traces its strategic identity to the 2017 acquisition of the Industrials.co.uk portfolio and the C2 Capital management team, completing its transition to a 100% MLI portfolio by 2022.
Industrials REIT firmographics
Firmographics- Name
- Industrials REIT
- Legal name
- Industrials REIT Limited
- Website
- https://industrialsreit.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Industrials REIT is a UK-focused REIT owning 104 multi-let industrial estates (1,801 units, 7.1m sq ft, £491.57m gross portfolio value) leased primarily to SMEs, eCommerce, and logistics tenants. Acquired by Blackstone in June 2023, it operates its proprietary Industrials Hive platform and Smart Lease product.
- Ownership category
- akta.pro rank
Industrials REIT industry classification
Industry- Product category
- Industrial Real Estate
- NAICS
- Lessors of Miniwarehouses and Self-Storage Units (531130)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- Industrial & Logistics Real Estate Asset Management (BPAJAMAC)
- akta.pro secondary industry
- Industrial & Logistics Tenant Representation (BPAJALAC)
Keywords
Where Industrials REIT is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Industrials REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Rental Income from Industrial Units: Primary revenue stream from leasing multi-let industrial units to SMEs on three to five-year leases. Units typically range from 500 sq ft to 10,000 sq ft. Annual gross rental income of £34m from 1,801 units across 104 assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Industrial Unit Leasing - varies by property, location, and unit size |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Industrials REIT product offering
Product offeringCore offering
Industrials REIT owns and operates a portfolio of 104 UK urban multi-let industrial (MLI) estates comprising 1,801 units and 7,120,135 sq ft of space, leased primarily to SMEs on three-to-five-year leases. The company delivers its offering through the proprietary Industrials Hive operating platform and the simplified Smart Lease product, providing fixed-price, direct-to-landlord industrial leasing across densely populated UK urban areas.
Product overview
Industrials REIT is a UK-focused Real Estate Investment Trust specializing in multi-let industrial (MLI) estates. The company operates a two-product model consisting of the Industrials Hive platform (a proprietary cloud-based operating platform managing customer relationships, leasing, billing, and business intelligence) and the Smart Lease product (a simplified lease offering with fixed pricing and streamlined terms). The Industrials.co.uk brand serves as the customer-facing website. The portfolio comprises 104 assets with 1,801 units totaling 7,120,135 sq ft of industrial space across the UK.
Differentiator
Problem solved
Functional benefit
Brands
- Industrials Hive: Cloud-based, mobile-friendly operating platform for managing multi-let industrial properties and customer relationships.
- Industrials.co.uk
- Smart Lease
Products and services
- Multi-Let Industrial Estate Leasing
Quantifiable outcome
- Strong rental growth of 4-5% per annum in MLI sector
- +3 more outcomes
Companies that use Industrials REIT
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Industrials REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Industrials REIT partnerships and signals
Strategic signalScale indicators9 records
Recent moves9 records
Expansion highlights5 records
Industrials REIT competitors and assessment
Company assessmentDirect peers
- SEGRO: SEGRO is the largest UK/European industrial REIT focused on big-box logistics and urban warehouses. Directly comparable business model as a listed industrial property owner with similar exposure to UK urban logistics demand from eCommerce customers.
Broad incumbents
- Picton Property Income: UK diversified REIT investing across industrial, office, and retail. Comparable UK property investment vehicle with some industrial exposure, though not exclusively focused on MLI estates.
- Real Estate Investors plc: UK-listed property investment company focused on Midlands commercial real estate including industrial assets. Comparable UK mid-market property investor serving SME occupiers similar to Industrials REIT's customer base.
- Tritax Big Box REIT: UK-listed REIT focused on large-scale logistics warehouses serving major eCommerce and 3PL occupiers. Comparable as a UK industrial property landlord with overlapping tenant base, though oriented to big-box rather than multi-let small-unit industrial.
- UK Commercial Property REIT: UK-listed REIT with diversified UK commercial property exposure including industrial. Comparable as a UK-focused property investment vehicle, though without the same pure-play MLI positioning.
- LondonMetric Property: UK REIT with a substantial logistics and industrial portfolio alongside retail assets. Comparable as a UK institutional landlord benefiting from eCommerce-driven logistics demand, though with broader asset class diversification.
- Custodian REIT: UK smaller-cap diversified REIT investing across multiple commercial property sectors including industrial. Comparable UK-based real estate investment platform at a similar scale to Industrials REIT pre-Blackstone acquisition.
- Regional REIT: UK REIT focused on regional office assets outside London. Similar UK-focused real estate investment vehicle structure, though oriented to office rather than industrial.
Others
- Stenham Group: The legacy parent entity from which Industrials REIT was created. Historically a UK property fund management business that spun out the Industrials.co.uk portfolio, making it a relevant corporate predecessor and historical counterparty.
- Blackstone Real Estate: Global real estate investment platform and current parent of Industrials REIT following the June 2023 acquisition. Relevant as the controlling sponsor and source of capital for continued portfolio expansion, comparable as an institutional industrial real estate investor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Industrials REIT social profiles
Digital presenceIndustrials REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Industrials REIT leadership team
Management profileNumber of profiles
Profiles5 records
Industrials REIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Industrials REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Industrials REIT
What does Industrials REIT do?
Industrials REIT owns and operates a portfolio of 104 UK urban multi-let industrial (MLI) estates comprising 1,801 units and 7,120,135 sq ft of space, leased primarily to SMEs on three-to-five-year leases. The company delivers its offering through the proprietary Industrials Hive operating platform and the simplified Smart Lease product, providing fixed-price, direct-to-landlord industrial leasing across densely populated UK urban areas.
Is Industrials REIT a public or private company?
Industrials REIT is a private company. It is classified as private equity controlled and is currently acquired.
When was Industrials REIT founded?
Industrials REIT was founded in 2017. It employs 11 to 50 people.
Where is Industrials REIT based?
Industrials REIT is headquartered in London, United Kingdom, in the Europe region.
How does Industrials REIT make money?
One revenue line is on record: rental Income from Industrial Units.
Who are Industrials REIT's main competitors?
SEGRO is listed as a direct peer. Broad incumbents are Picton Property Income, Real Estate Investors plc, Tritax Big Box REIT, UK Commercial Property REIT, LondonMetric Property, Custodian REIT and Regional REIT. Others are Stenham Group and Blackstone Real Estate.
Does Industrials REIT have an API?
No public API is recorded for Industrials REIT.
What industry is Industrials REIT in?
Industrials REIT's product category is Industrial Real Estate. Its primary akta.pro industry code is BPAJAMAC, Industrial & Logistics Real Estate Asset Management, with a secondary code of BPAJALAC, Industrial & Logistics Tenant Representation. Its NAICS code is 531130 and its SIC code is 6798.