+
Allcargo partners with Blackstone to develop logistics parks
WAREHOUSING & LOGISTICS

Allcargo partners with Blackstone to develop logistics parks

Allcargo Logistics (Allcargo), one of India’s largest integrated, end-to-end logistics services providers has partnered with the global private equity investor – the Blackstone Group (Blackstone), to develop logistics parks in key consumption hubs in India.

Blackstone will invest up to Rs 3.80 billion in Allcargo to develop industrial and logistics parks across the country. The company also proposes to make its investment in the platform, by way of debt and equity.

Allcargo will retain a minority stake in the various logistics assets and transfer its debt as it relates to these specific assets to their relevant subsidiaries.

The transaction is expected to conclude in a phase-wise manner over the next 12 months, subject to satisfaction of customary closing conditions and achievement of certain milestones.

“The Indian warehousing sector is scaling an expansionary curve backed by a robust regulatory environment and government thrust in boosting manufacturing, e-commerce and organised retail. This sector has emerged as an attractive investment destination for global investors. Through this strategic tie-up, we reiterate our commitment and positioning to create a global benchmark in warehousing infrastructure and provide state-of-the-art warehousing solutions to our customers,” stated Shashi Kiran Shetty, Chairman, Allcargo Logistics.

Allcargo has completed and ongoing projects in advanced stage of developments for 6 million sq ft of Grade A logistics parks across the NCR-Delhi, Bengaluru, Hyderabad, Ahmedabad, Pune, JNPT in MMR (Mumbai), Hosur and Goa. About 80 per cent of the company’s warehousing portfolio is pre-leased of which close to 1.5 million sq ft is already income producing. The company further has projects in the planning stage for another 3 million sq ft.

This partnership will help Allcargo’s growing 3 PL (third party logistics) business and enable MNCs and Indian companies’ access to its world-class warehousing assets.

Allcargo is the global leader in LCL consolidation and one of India’s largest players in integrated logistics solutions. The company offers specialised logistics services across Multimodal Transport Operations, Container Freight Station Operations/Inland Container Depot Operations, Project & Engineering Solutions and Logistics Parks. Benchmarked quality standards, standardised processes and operation excellence across all the services and facilities, have enabled the company to emerge as the market leader in all these segments.

Allcargo Logistics (Allcargo), one of India’s largest integrated, end-to-end logistics services providers has partnered with the global private equity investor – the Blackstone Group (Blackstone), to develop logistics parks in key consumption hubs in India. Blackstone will invest up to Rs 3.80 billion in Allcargo to develop industrial and logistics parks across the country. The company also proposes to make its investment in the platform, by way of debt and equity. Allcargo will retain a minority stake in the various logistics assets and transfer its debt as it relates to these specific assets to their relevant subsidiaries.The transaction is expected to conclude in a phase-wise manner over the next 12 months, subject to satisfaction of customary closing conditions and achievement of certain milestones. “The Indian warehousing sector is scaling an expansionary curve backed by a robust regulatory environment and government thrust in boosting manufacturing, e-commerce and organised retail. This sector has emerged as an attractive investment destination for global investors. Through this strategic tie-up, we reiterate our commitment and positioning to create a global benchmark in warehousing infrastructure and provide state-of-the-art warehousing solutions to our customers,” stated Shashi Kiran Shetty, Chairman, Allcargo Logistics. Allcargo has completed and ongoing projects in advanced stage of developments for 6 million sq ft of Grade A logistics parks across the NCR-Delhi, Bengaluru, Hyderabad, Ahmedabad, Pune, JNPT in MMR (Mumbai), Hosur and Goa. About 80 per cent of the company’s warehousing portfolio is pre-leased of which close to 1.5 million sq ft is already income producing. The company further has projects in the planning stage for another 3 million sq ft. This partnership will help Allcargo’s growing 3 PL (third party logistics) business and enable MNCs and Indian companies’ access to its world-class warehousing assets.Allcargo is the global leader in LCL consolidation and one of India’s largest players in integrated logistics solutions. The company offers specialised logistics services across Multimodal Transport Operations, Container Freight Station Operations/Inland Container Depot Operations, Project & Engineering Solutions and Logistics Parks. Benchmarked quality standards, standardised processes and operation excellence across all the services and facilities, have enabled the company to emerge as the market leader in all these segments.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?