Logistics platform Horizon Industrial Parks, owned and managed by Blackstone Real Estate funds, will invest Rs 700 crore to redevelop warehouses of state-owned CWC in 13 locations.
In a statement on Monday, the company said it has been "chosen as the lead partner by the Central Warehousing Corporation (CWC) to manage a portfolio of 13 last-mile logistics assets".
The CWC is a public warehouse operator established by the central government under the Ministry of Consumer Affairs, Food & Public Distribution.
During the 45 years of partnership, Horizon Industrial Parks will redevelop the government-owned assets into modern Grade-A facilities, tailored to tenants in fast-growing sectors like e-commerce, retail, third-party logistics, and cold chain.
"With a development potential of 2.4 million square feet, this is one of the largest last-mile logistics portfolios in India. The investment commitment is expected to be around Rs 700 crore to support the growth of the portfolio," it ...
