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Blackstone sets up India-dedicated logistics platform to push warehousing biz

Economic Times  

Global investment major Blackstone Group has set up a separate India-dedicated platform, Horizon Industrial Parks, to house its 24 million sq ft logistics and warehousing assets and support its expanding logistics footprint across the country. The new platform comprises 16 modern Grade A logistics and warehousing assets, including under-development projects. Horizon Industrial Parks will be owned and managed by Blackstone real estate funds. The platform will act as the holding company for Blackstone's entire logistics and industrial parks-related assets and alliances. Blackstone is the largest office owner in India with an office portfolio of 135 million sq ft across 48 assets in 7 cities. Of this, around 15 million sq ft offices are under construction and 22 million sq ft is future development.