Blackstone launches logistics platform Horizon Industrial Parks
Mumbai, Jan 28 :Global real estate fund Blackstone Today launched its Indian logistics platform ‘Horizon Industrial Parks’ to support the firm’s rapidly expanding logistics footprint in the country. The platform, one of the largest portfolios of its kind in India, has been assembled through a number of marquee investments (made in the past) including Embassy Industrial Parks, TARC, and Allcargo, the company said in a release issued here. “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,” Blackstone Head of Real Estate Acquisitions in India Asheesh Mohta said. Under the leadership of Rahul Pandit, Chief Executive Officer, the platform will focus on providing best-in-class solutions for India’s industrial and warehousing needs, the company said. “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,” Pandit said. Blackstone has a robust track record of building high-quality logistics real estate platforms around the world. In India, Blackstone also owns Nucleus Office Parks and Nexus Malls, platforms for the firm’s office and retail portfolios, respectively. (UNI)