News
Blackstone Real Estate acquires Embassy Parks
Blackstone on May 10 announced that funds managed by Blackstone Real Estate have acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group, in one of India’s largest logistics transactions.
Embassy Industrial Parks comprises 10.6 million square feet of modern Grade-A logistics and warehousing assets near urban centers, tailored for tenants in rapidly developing sectors.
Blackstone is among the top 10 business groups in India by total value of assets and the transaction will help reinforce the firm’s leading position in office, retail and logistics.
Embassy Industrial Parks’ warehouses are located across major industrial hubs in India including Bengaluru, Delhi-NCR, Hyderabad, and Pune, and are leased to leading e-commerce and retail players.
Asheesh Mohta, Head of Blackstone’s Real Estate India Acquisitions, said: “We are excited to announce this acquisition of a best-in-class logistics portfolio from Embassy Industrial Parks. Logistics is one of the firm’s highest global conviction themes, anchored by our belief that e-commerce trends will further fuel demand for logistics space especially near city centers.”
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News2 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News3 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances