Buyout giant Blackstone has launched one of the largest portfolios of logistics parks in India through its real estate arm.
Horizon Industrial Parks comprises high-quality modern warehousing and industrial parks in major cities, assembled through investments including Embassy Industrial Parks, TARC and Allcargo.
It is anchored by tenants in fast-growing sectors such as e-commerce, retail, electric vehicles and logistics, the firm said.
Asheesh Mohta, head of real estate acquisitions in India for Blackstone, said, “Blackstone has built Horizon Industrial Parks into one of India’s largest and most distinguished logistics portfolios.
“We are excited to continue expanding our logistics presence in India’s prime urban centers, bringing our global experiences in logistics and operating expertise to build out a full-service platform with exceptional management capabilities.”
Blackstone’s track record of building logistics real estate platforms include Milestone in Australia, which the firm sold last year in the biggest private real estate transaction in the country at the time.
It also built Mileway, the largest owner of last-mile logistics assets in Europe, and DragonCor in China, which ranks among the top five largest logistics portfolios in the country.
In India Blackstone also owns Nucleus Office Parks and Nexus Malls, platforms for the firm’s office and retail portfolios, respectively.
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