Business Standard

Investment firm Blackstone India consolidates assets worth $900 million

Blackstone said it has a robust track record of building high-quality logistics real estate platforms around the world

Photo: Bloomberg

Photo: Bloomberg

Press Trust of India
Global investment firm Blackstone has consolidated its 16 logistics and warehousing assets across India, having an enterprise value of USD 900 million, under Horizon Industrial Parks.

Blackstone said in a statement on Friday it has appointed Rahul Pandit as chief executive officer of Horizon Industrial Parks. The company has so far invested USD 500 million to assemble this platform.

Blackstone announced the launch of Horizon Industrial Parks, which has a portfolio of logistics parks in India, owned and managed by Blackstone Real Estate funds, to support the firm's rapidly expanding logistics footprint in the country.

Horizon Industrial Parks' portfolio currently comprises 16 Grade-A

Disclaimer: No Business Standard Journalist was involved in creation of this content

Topics : Blackstone

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First Published: Jan 29 2022 | 2:09 AM IST

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