Announced
Completed
Financials
Tags
Acquisition
Private Equity
Majority
Industrial and Logistics Assets
Completed
Single Bidder
Cross Border
India
Storage Terminals
Friendly
Private
Synopsis
Blackstone Real Estate completed the acquisition of Embassy Industrial Parks, an operator of warehouses, from Warburg Pincus and Embassy Group, a real estate conglomerate, for $690m. “We are excited to announce this acquisition of a best-in-class logistics portfolio from Embassy Industrial Parks. Logistics is one of the firm’s highest global conviction themes, anchored by our belief that e-commerce trends will further fuel demand for logistics space especially near city centers," Asheesh Mohta, Blackstone Head of Real Estate India Acquisitions.
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