Press Release

MUMBAI, December 20, 2023 – Horizon Industrial Parks, a portfolio of Grade A logistics parks in India owned and managed by Blackstone Real Estate funds, has welcomed Flyjac Logistics to its new built-to-suit logistics space. Flyjac, a 3PL service provider company will be maintaining leading electrical and electronics company V-Guard’s warehousing operations in Horizon’s facility at Farukhnagar, Gurugram.

Horizon Industrial Park Farukhnagar is a state-of-the-art, 108 acres grade A facility near IMT Manesar and Gurugram. It is an emerging premier gateway to North India’s logistics and warehousing market. The new facility of Flyjac will encompass 330,000 square feet in area alongside Amazon, LF Logistics, Rhenus and Reliance within the Industrial Park.

Urvish Rambhia, Principal at Blackstone, said: “We are pleased to provide a high-quality, modern logistics facility to Flyjac and its associate company, V-Guard, at Horizon Industrial Parks to support their growth. Our commitment is building exceptional logistics space in prime locations so our tenants can better serve their customers and stay competitive.”

A.V. Ravikumar, Managing Director at Flyjac Logistics, said: “We have seen tremendous demand from customers who are increasingly going online and want faster deliveries. We are excited to expand our presence in India through Horizon Industrial Parks’ new state-of-the-art facility in Farukhnagar and continue to deliver excellent service to our tenants and their customers.”

Antony Sebastian K, Executive Director – SCM at V-Guard Industries Ltd., said: “We are impressed with the facility provided by Horizon Industrial Parks to Flyjac for maintaining V-Guard warehousing operations. The operations are smooth, and it will help us to strengthen our business.”

About Horizon Industrial Parks:

Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds. The current portfolio comprises 17 industrial and logistics parks spread across more than 1,000 acres and with a development potential of 25 million square feet, which are in eight key markets in India.