Press Release

Blackstone (NYSE:BX) today announced the launch of Horizon Industrial Parks, a logistics platform in India owned and managed by Blackstone Real Estate funds, to support the firm’s rapidly expanding logistics footprint in the country. The platform is the second largest logistics portfolio of its kind in India and comprises high-quality modern industrial parks and warehouses spanning key industrial hubs pan India. Under the leadership of Rahul Pandit who has joined as Chief Executive Officer, the platform will focus on providing best-in-class solutions for India’s industrial and warehousing needs and deliver Environmental, Social, and Governance (ESG) impact.

The portfolio has been curated through a number of marque acquisitions including Embassy Industrial Parks, TARC, and Allcargo, and is anchored by tenants in fast-growing sectors such as e-commerce, retail, auto 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 best-in-class 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 and commitment to ESG. We are confident that the platform will thrive under the leadership of Rahul and a team of industry veterans, and its scale will have far-reaching positive impact on tenants, employees and members of the Indian community.”

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

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 platform, backed by Blackstone’s global intellectual capital and scale, combined with local partnership opportunities, will enable us rapidly accelerate growth and deliver benchmark quality to our customers, while sustainably contributing to the communities we serve.”

Blackstone has a robust track record of building high-quality logistics platforms around the world. These include Milestone in Australia, which the firm sold last year in the biggest private real estate transaction in the country; Mileway, the largest owner of last-mile logistics assets in Europe; and DragonCor in China, which ranks among the top five largest logistics portfolios in the country.

About Blackstone Real Estate

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has $230 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, multifamily and single-family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ strategy comprises open-ended funds that invest in substantially stabilized real estate assets globally and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE:BXMT).