Blackstone set to become biggest warehouse landlord

09 Feb 2021 CW Staff

Blackstone will become the country's largest warehousing space landlord with over 40 million sq ft logistic parks in assets with this complete buyout transaction.

The Blackstone Group, already India's largest office space landlord, is set to become the biggest retail assets owner too with the conclusion of its $1.5 billion deal with Prestige Group.

Embassy Industrial Parks, a 70-30 joint venture between Embassy and Warburg Pincus, has 22 million sq ft assets, while Blackstone already has 18 million sq ft warehousing assets in its portfolio through its stake buys in Allcargo Logistics warehousing assets and Hiranandani Group.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Out of the total 22 million sq ft assets of Embassy Industrial Parks, 3.5 million sq ft area built and leased to clients including Myntra, Amazon, Mahindra Logistics, Firstcry, Delhivery, and Rhenus logistics among others.

Embassy Industrial Parks has warehouses in Chakan in Pune, Sriperumbudur and Hosur in 2021 Tamil Nadu, Farrukhnagar and Bilaspur in Delhi-NCR, Kothur in Hyderabad and also owns land in Bengaluru.

The government's decision to accord infrastructure status to the logistics industry allows developers access to low-cost funds for development.

Given the fundamental shifts across the logistics and industrial sector in the last few years, along with rising demand for quality space, more developers are likely to build compliant, large-sized faces.

Image: Blackstone already has 18 mn sq ft warehouse space, and is already the biggest office space landlord in India.

Also read: Allcargo partners with Blackstone to develop logistics parks

Also read: Trends this year in logistics and supply chain

US-based private equity major Blackstone Group is set to acquire Embassy Industrial Parks at an enterprise valuation of Rs 5,250 crore from Embassy Group, and Warburg Pincus in the largest-ever warehousing and logistics deal in India.Blackstone will become the country's largest warehousing space landlord with over 40 million sq ft logistic parks in assets with this complete buyout transaction.The Blackstone Group, already India's largest office space landlord, is set to become the biggest retail assets owner too with the conclusion of its $1.5 billion deal with Prestige Group.Embassy Industrial Parks, a 70-30 joint venture between Embassy and Warburg Pincus, has 22 million sq ft assets, while Blackstone already has 18 million sq ft warehousing assets in its portfolio through its stake buys in Allcargo Logistics warehousing assets and Hiranandani Group.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event infoOut of the total 22 million sq ft assets of Embassy Industrial Parks, 3.5 million sq ft area built and leased to clients including Myntra, Amazon, Mahindra Logistics, Firstcry, Delhivery, and Rhenus logistics among others.Embassy Industrial Parks has warehouses in Chakan in Pune, Sriperumbudur and Hosur in 2021 Tamil Nadu, Farrukhnagar and Bilaspur in Delhi-NCR, Kothur in Hyderabad and also owns land in Bengaluru.The government's decision to accord infrastructure status to the logistics industry allows developers access to low-cost funds for development.Given the fundamental shifts across the logistics and industrial sector in the last few years, along with rising demand for quality space, more developers are likely to build compliant, large-sized faces.Image: Blackstone already has 18 mn sq ft warehouse space, and is already the biggest office space landlord in India.Also read: Allcargo partners with Blackstone to develop logistics parksAlso read: Trends this year in logistics and supply chain

Real Estate

29 May 2026

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Products

29 May 2026

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..

Equipment

29 May 2026

TIL Reports FY26 Recovery, Expands Into Clean Energy

TIL has reported its Q4FY26 and full-year FY26 financial results, highlighting recovery in machine sales, operational improvement in the second half of the year and expansion into the clean energy segment through acquisition.The company reported FY26 revenue of Rs 3.37 billion, marginally lower than Rs 3.43 billion in FY25. Operational income rose to Rs 3.23 billion from Rs 3.15 billion a year earlier. EBITDA stood at Rs 184.6 million against Rs 402.4 million in FY25, while profit before tax was reported at a loss of Rs 407.3 million compared to a profit of Rs 41.9 million in the previous year..