Under the leadership of Tuhin Parekh, Senior Managing Director and Head of Real Estate - India, Blackstone's real estate operations has acquired Embassy Industrial Parks (EIP) across India from Warburg Pincus and Embassy Group for an enterprise value of $700 million. This is known to be among the largest deals in the country's emerging warehousing sector. The transaction has been executed in two tranches. In the first tranche, Blackstone acquired 10.6 million sq ft for $400 million from private equity firm Warburg Pincus Inc. In the second tranche, it will buy the remaining 11 million sq ft for $300 million. Logistics is one of the firm's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion sq ft of logistics. It is a global leader in real estate investing. The firm's real estate business was founded in 1991 and has $196 billion of investor capital under management. And, acquiring EIP seems like another strategic move by Blackstone, one of the world's largest property owners!