Blackstone buys Embassy Industrial Parks from Warburg Pincus
Real Estate

Blackstone buys Embassy Industrial Parks from Warburg Pincus

Blackstone Real Estate has acquired Embassy Industrial Parks across India from Warburg Pincus and Embassy Group.

Embassy Industrial Parks has 10.6 million square feet (sq ft) of modern Grade A logistics and warehousing assets located across major industrial hubs in India, including Pune, Bengaluru, Hyderabad, Delhi NCR, and are leased to leading e-commerce and retail players.

Embassy Group told the media that the company aims to consolidate its resources towards the growth of its core businesses of office and residential development and management. The company cited that the transaction Blackstone Real Estate along with the upcoming merger with Indiabulls Real Estate (IBREL), is a strategic move in that direction.

Blackstone has logistics as one of its core investment themes worldwide. Since 2010, the company has acquired over 1.2 billion sq ft of logistics.

In February 2021, the Competition Commission of India (CCI) approved the proposed merger of NAM Estates and Embassy One Commercial Property Developments into IBREL.

The companies had entered into a definitive merger documentation to amalgamate ongoing, completed and planned residential and commercial projects of these two subsidiaries.

Embassy Group already has around 14% stake in Mumbai-based IBREL, and the same will jump to 45% after the merger of assets of these two companies.

Image Source


Also read: Blackstone set to become biggest warehouse landlord

Blackstone Real Estate has acquired Embassy Industrial Parks across India from Warburg Pincus and Embassy Group. Embassy Industrial Parks has 10.6 million square feet (sq ft) of modern Grade A logistics and warehousing assets located across major industrial hubs in India, including Pune, Bengaluru, Hyderabad, Delhi NCR, and are leased to leading e-commerce and retail players. Embassy Group told the media that the company aims to consolidate its resources towards the growth of its core businesses of office and residential development and management. The company cited that the transaction Blackstone Real Estate along with the upcoming merger with Indiabulls Real Estate (IBREL), is a strategic move in that direction. Blackstone has logistics as one of its core investment themes worldwide. Since 2010, the company has acquired over 1.2 billion sq ft of logistics. In February 2021, the Competition Commission of India (CCI) approved the proposed merger of NAM Estates and Embassy One Commercial Property Developments into IBREL. The companies had entered into a definitive merger documentation to amalgamate ongoing, completed and planned residential and commercial projects of these two subsidiaries. Embassy Group already has around 14% stake in Mumbai-based IBREL, and the same will jump to 45% after the merger of assets of these two companies. Image SourceAlso read: Blackstone set to become biggest warehouse landlord

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?