Private Equity

PE-RE Fund Investments

Blackstone to own 90% stake in Allcargo's logistics parks spinout

Press Release  

Publicly listed Allcargo Logistics has consummated its deal to sell a part of its logistics parks business to global private equity firm Blackstone their INR 380 crore deal (announced in Jan-2020) with the signing of the share purchase agreement. Grade A logistics parks across Bengaluru and Hyderabad along with the parks in Goa will get transferred under this transaction, while NCR, Hosur and MMR region will continue with Allcargo. Blackstone will own 90% of these logistics parks - to be demerged into a new real estate company, TransIndia Realty, while the remaining 10% will continue to be with Allcargo Logistics. The new entity will also execute projects in the planning stage for another approximately 8.6-million square feet of space on its balance sheet.