Blackstone Group- owned Horizon Industrial Parks invest Rs 4,500 Cr to expand
- ByStartupStory | May 6, 2022
Global asset manager Blackstone Group set up ‘Horizon Industrial Parks’ in India to look after its assets, which would be documented through its acquisitions and greenfield developments. Blackstone has invested $500 million in 16 assets of the enterprise which have a value of about $900 million. Horizontal Industrial Parks is the third asset platform in the country for Blackstone after Nexus Malls and Nucleus Office Parks.
Now, the Horizon Industrial Parks is planning to invest a whopping Rs 4500 crore in its explosion plan. And of the Rs 4500 crore, Rs 1300 will be spent in the National Capital Region (NCR), which makes up almost 25% of the portfolio, Rs 2000 crore in south India making up 40% of the portfolio share and the remaining in western India.
The NCR continues to be the main focus despite Horizon already developing 9 million sq ft. warehousing space in South India and Blackstone is planning to double its portfolio due to increasing demand for organized warehousing space in large as well as small cities. NCR represents a huge geography and also a key consumption market. The company is also going to increase its investment in clean energy at its parks and also offer it to the tenants.
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