Blackstone Real Estate completed the acquisition of Embassy Industrial Parks from Warburg Pincus and Embassy Group for $690m.

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.