+
Blackstone acquires 2.5 mn sq ft of warehousing near Delhi
WAREHOUSING & LOGISTICS

Blackstone acquires 2.5 mn sq ft of warehousing near Delhi

In one of North India's largest warehousing deals, alternative investment management company Blackstone has acquired 2.5 million square feet of warehousing assets near Delhi from Vertical Warehousing for Rs 7 billion, according to a report citing unnamed sources.

The asset is a mix of operational assets and strategic land parcels for future development. About 1.5 million sq ft of it is fully leased and operational.

“Blackstone has been increasing its warehousing presence in the National Capital Region as it is one of the fastest growing markets for the industrial and logistics sector. The asset is located in Jhajjar in Haryana and connected to Gurgaon and Delhi,” said one of the sources.

International property consultant CBRE was the transaction advisor for the deal.

Blackstone, CBRE and Vertical Warehousing declined to comment.

Headquartered in New Delhi, Vertical Warehousing owns and operates multiple Grade A logistic parks across Delhi NCR.

Meanwhile, the Delhi-based LAS Ventures, which has a warehouse in the same region, is in talks to raise a Rs 300-crore fund to develop grade A warehouses across the country.

See also:
Welspun inks deal with Karnataka for logistics park
Kanpur to get mega logistics park for cargo handling


In one of North India's largest warehousing deals, alternative investment management company Blackstone has acquired 2.5 million square feet of warehousing assets near Delhi from Vertical Warehousing for Rs 7 billion, according to a report citing unnamed sources. The asset is a mix of operational assets and strategic land parcels for future development. About 1.5 million sq ft of it is fully leased and operational. “Blackstone has been increasing its warehousing presence in the National Capital Region as it is one of the fastest growing markets for the industrial and logistics sector. The asset is located in Jhajjar in Haryana and connected to Gurgaon and Delhi,” said one of the sources. International property consultant CBRE was the transaction advisor for the deal. Blackstone, CBRE and Vertical Warehousing declined to comment. Headquartered in New Delhi, Vertical Warehousing owns and operates multiple Grade A logistic parks across Delhi NCR. Meanwhile, the Delhi-based LAS Ventures, which has a warehouse in the same region, is in talks to raise a Rs 300-crore fund to develop grade A warehouses across the country. See also: Welspun inks deal with Karnataka for logistics parkKanpur to get mega logistics park for cargo handling

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code