Blackstone acquires Embassy Industrial Parks from Warbug Pincus, Embassy Group

Blackstone acquires Embassy Industrial Parks from Warbug Pincus, Embassy Group
Embassy Industrial Parks comprises 10.6 million square feet of modern Grade A logistics and warehousing assets near urban centres, tailored for tenants in rapidly developing sectors.
BusinessToday.In | May 10, 2021 | Updated 20:18 IST
Blackstone is among the top 10 business groups in India by the total value of assets.
Global investment firm Blackstone on Monday said funds managed by Blackstone Real Estate have acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group. Blackstone called it one of India's largest logistics transactions, but didn't disclose the deal value.
"Embassy Industrial Parks comprises 10.6 million square feet of modern Grade A logistics and warehousing assets near urban centres, tailored for tenants in rapidly developing sectors," the investment firm said in a statement. The warehouses are located across major industrial hubs in India including Bangalore, Delhi NCR, Hyderabad, and Pune, and are leased to leading e-commerce and retail players.

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