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

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code