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Blackstone Real Estate launches an Indian Logistics Platform, Horizon Industrial Parks, to support its expanding logistics presence

Blackstone

Mumbai, January 28, 2022Blackstone today announced the launch of Horizon Industrial Parks, 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. The platform will focus on providing best-in-class solutions for India’s industrial and warehousing needs.

The portfolio has been assembled through a number of marquee investments including Embassy Industrial Parks, TARC, and Allcargo, and is anchored by tenants in fast-growing sectors such as e-commerce, retail, auto (electric vehicles), and logistics.

Asheesh Mohta, Head of Real Estate Acquisitions in India for Blackstone, said: “Blackstone has built Horizon Industrial Parks into one of India’s largest and most distinguished logistics portfolios. We are excited to continue expanding our logistics presence in India’s prime urban centers, bringing our global experiences in logistics and operating expertise to build out a full-service platform with exceptional management capabilities.”

Rahul Pandit, Chief Executive Officer, Horizon Industrial Parks, said: “I am thrilled to work with the team at Blackstone to support its contribution to India’s ‘Atma Nirbhar’ vision, the government’s aim to make India a self-reliant and competitive global player. The platform, backed by Blackstone’s global intellectual capital and scale, combined with local partnership opportunities, will potentially enable us to rapidly accelerate growth and deliver exceptional quality to our customers, while contributing to the communities we serve.”

In India, Blackstone also owns Nucleus Office Parks and Nexus Malls, platforms for the firm’s office and retail portfolios, respectively.

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