Blackstone’s Horizon Industrial Parks Secures 45-Year Deal to Manage India’s Government Logistics Assets

The platform, owned and operated by Blackstone Real Estate funds, has entered into a 45-year agreement with the Central Warehousing Corporation (CWC), a public warehouse operator under the Ministry of Consumer Affairs, Food & Public Distribution.  Under this partnership, Horizon Industrial Parks will redevelop these government-owned properties into modern, Grade-A logistics facilities. These facilities will cater to fast-growing sectors such as e-commerce, retail, third-party logistics, and cold chain services, supporting the evolving needs of India’s logistics industry.

“Logistics is one of Blackstone’s most significant investment themes globally, including in India’s rapidly expanding market. We will leverage our scale, operational expertise, and successful track record to work with CWC in creating top-tier warehouses that provide efficient delivery solutions,” said Asheesh Mohta, Head of Real Estate Acquisitions India, Blackstone.

Horizon Industrial Parks is expected to invest around ₹700 crore in this alliance, aimed at enhancing the value and efficiency of the portfolio. The majority of these assets are strategically located in last-mile areas across Mumbai, Pune, the National Capital Region, Chennai, and Bangalore, close to residential zones and city centers. The development potential of this portfolio is estimated at 2.4 million square feet, making it one of the largest last-mile logistics portfolios in the country.

“This partnership with the world’s largest alternative asset manager and a key global player in high-quality logistics will help us transform our assets into modern warehouses that serve India’s leading brands. Our goal is to achieve operational excellence and support India’s rapid urbanization,” said Amit Kumar Singh, Managing Director, CWC.

Horizon Industrial Parks currently manages 25 industrial and logistics parks across 1,700 acres, covering 43 million square feet in 10 key Indian markets. Blackstone, as the largest global owner of warehousing spaces, has invested over $55 billion in the logistics sector, managing more than 575 million square feet of warehouse space worldwide. The company is now accelerating its efforts to build a significant portfolio in India with plans to acquire and develop additional warehousing assets.

India’s logistics and warehousing sector is experiencing transformative growth, spurred by economic reforms, infrastructure development, and the rapid rise of e-commerce. The government’s decision to grant infrastructure status to the logistics industry is further fueling this expansion, enabling developers to access low-cost funds for their projects. As India’s economy continues to evolve towards greater efficiency and modernity, the logistics sector is set to play a pivotal role in its progress.