PE-RE Fund Investments
Blackstone acquires warehousing assets from Vertical Warehousing near Delhi for Rs.700-Cr
PE investor Blackstone has acquired 2.5 million sq ft of warehousing assets from Vertical Warehousing near Delhi for INR 700 crore. Property consultant CBRE was the transaction advisor. Headquartered in New Delhi, Vertical Warehousing owns and operates multiple Grade A logistic parks across Delhi NCR. The asset being purchased is a mix of operational assets and strategic land parcels for future development. About 1.5 million sq ft of it is fully leased and operational. The current asset is located in Jhajjar in Haryana and connected to Gurgaon and Delhi.
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