horizon industrial parks: Horizon Industrial Parks plans to invest ₹2k cr across South India

Horizon Industrial Park, which has a portfolio of logistics parks in India owned and managed by Blackstone Real Estate Fund, is looking to expand its presence in key southern markets besides exploiting smaller towns.

The company plans to invest over Rs 2,000 crore in the next few years to build 9 million square feet of logistics facilities across South India.

Chief Executive Rahul Pandit said, “The southern region is an important market, with over 40% of our existing portfolio concentrated in Karnataka, Tamil Nadu and Telangana. Going forward, Tier-II (city) will become a major demand hub.”

Horizon Industrial Park will focus on sectors such as manufacturing, third-party logistics and ecommerce to expand its footprint.

“The policy framework is very encouraging and the government has a forward-looking industrial outlook. We are committed to investing in the country for the long term,” Pandit said. Global investment firm Blackstone has consolidated its 16 logistics and warehousing assets across India. , under Horizon Industrial Park has an enterprise value of $900 million.

Horizon Industrial Park’s portfolio currently comprises 16 Grade-A logistics and warehousing assets spread over 24 million sq ft of total development potential in Bengaluru, NCR, Hyderabad and Pune. The portfolio has been assembled through a number of investments, including Embassy Industrial Park, TARC and Allcargo.

In India, Blackstone also owns the Nucleus Office Park and Nexus Mall, which are platforms for the firm’s office and retail portfolio, respectively.

Blackstone is the largest owner of commercial real estate globally, owning and operating property in every major geography and region, including logistics, residential, office, hospitality and retail.

Blackstone has about $20 billion worth of commercial real estate under management in India.

Originally published at Pen 18