 "Rs 700 Crore Revamp: Blackstone Transforms India’s Logistics Landscape")
Horizon Industrial Parks, managed by Blackstone Real Estate funds, is set to invest Rs 700 crore to upgrade 13 warehouses owned by the Central Warehousing Corporation (CWC) across India. This partnership aims to transform government-owned facilities into modern Grade-A spaces catering to sectors like e-commerce, retail, and logistics. The redevelopment will cover 2.4 million square feet and focuses on last-mile logistics in key cities including Delhi, Chennai, Mumbai, Pune, and Bangalore. Asheesh Mohta from Blackstone emphasized their commitment to enhancing logistics solutions in India’s growing Market. Additionally, CWC is modernizing more properties through public-private partnerships, indicating a significant shift towards improved warehousing infrastructure in the country.
Logistics platform Horizon Industrial Parks, backed by Blackstone Real Estate funds, is set to invest Rs 700 crore in redeveloping warehouses managed by the Central Warehousing Corporation (CWC) at 13 locations across India. This partnership aims to transform these government-owned assets into modern Grade-A facilities suitable for booming sectors such as e-commerce, retail, third-party logistics, and cold chain services.
The announcement highlights a 45-year collaboration where Horizon Industrial Parks will manage last-mile logistics properties, with a total development potential of 2.4 million square feet. The investment will be focused on prime locations, mainly in the National Capital Region, Chennai, Mumbai, Pune, and Bangalore, ensuring accessibility for residential areas and city centers.
Asheesh Mohta, Head of Real Estate Acquisitions India at Blackstone, emphasized that logistics is a key investment area for the company in India. Their expertise aims to create top-notch warehouses that enhance delivery efficiency for various industries. In total, Horizon Industrial Parks oversees 25 industrial and logistics parks spanning over 1,700 acres and 43 million square feet in major Indian markets.
This redevelopment initiative is part of CWC’s broader strategy to modernize its outdated facilities through Public-Private Partnerships. The focus remains on improving warehousing conditions to support the rapidly expanding logistics needs of the country.
For more details, stay tuned as we cover further developments in the logistics and real estate sectors.
Tags: Horizon Industrial Parks, Blackstone, Central Warehousing Corporation, CWC, logistics investment, warehousing redevelopment, Grade A facilities, e-commerce logistics, India logistics news.
What is Horizon Industrial Parks planning to do with Rs 700 crores?
Horizon Industrial Parks is investing Rs 700 crores to redevelop the Central Warehousing Corporation’s warehouses.
Why is this redevelopment important?
The redevelopment aims to improve the warehouses, making them more efficient and modern for better storage and distribution of goods.
Where will these warehouse redevelopments take place?
The redevelopments will take place in various locations where the Central Warehousing Corporation operates.
How will this investment benefit the economy?
This investment will create jobs, improve logistics, and support businesses by providing better warehousing facilities.
When is the redevelopment expected to be completed?
While specific completion dates may vary, the redevelopment process typically takes several months to a few years, depending on the scale of the project.
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