Industrials REIT Limited announced that Julian Carey has been appointed chief executive at Industrials REIT. Carey, who has been managing director at the 7m sq ft REIT since 2017, will take the place of founder Paul Arenson, who is stepping away from the day-to-day running of the business following its £700m sale to Blackstone. Carey joined Industrials REIT in July 2017 when it bought C2 Capital, the 2m sq ft specialist MLI fund manager he founded in 2009.