Tuesday, May 14 2024 | Time 10:21 Hrs(IST)
image
Business EconomyPosted at: Apr 27 2024 1:50PM


Horizon Industrial Parks announces ground-breaking of its 2nd logistics park in Pune

Pune, April 27 (UNI) Horizon Industrial Parks, a portfolio of Grade A logistics parks in India owned by Blackstone Real Estate funds, has announced the groundbreaking of its second logistics park in Pune, Chakan.
The 100-acre park is located in Chakan, one of the key industrial hubs of the country with well-developed social and economic infrastructure. Chakan’s proximity to Mumbai and Pune via the Mumbai-Pune Expressway and JNPT Seaport makes it an ideal base for industrial and logistics operations.
Horizon Industrial Parks recently completed the development of the 52-acre Chakan 2nd Park. The park is home to several high-profile companies from diverse sectors, including auto components, engineering, and third-party logistics service providers, according to a release today.
Urvish Rambhia, Principal at Blackstone, said: “We are thrilled to break ground on Chakan V, which will be built as a state-of-the-art facility, as part of our commitment to providing high-quality logistics assets in strategic locations. We continue to see strong demand for modern warehouses in India, driven by increasing e-commerce adoption and strong industrial growth.”
Blackstone is the largest owner of warehousing and logistics space globally, having invested over $55 billion in the logistics segment and owning more than 575 million sq ft of warehousing space globally.
In India, Blackstone is one of the largest foreign investors, with an AUM of $50 billion.
Blackstone is the largest commercial real estate landlord in India and one of the largest in the retail, warehousing, and hospitality segments.
In warehousing, Blackstone has invested more than $1 billion in the Horizon Industrial Parks portfolio, which comprises 40 million sq ft of warehousing and logistics space, said the release.
UNI SP GNK
Please log in to get detailed story.
Tags: #Horizon Industrial Parks announces ground-breaking of its 2nd logistics park in Pune
More News

KVB reports healthy performance in profitability

13 May 2024 | 10:02 PM

Chennai, May 13 (UNI) Karur Vysya Bank on Monday announced its financial results for the Quarter / Year ended March 31, 2024 stating it continued its healthy performance in terms of profitability as well as asset quality.

see more..

13 May 2024 | 9:58 PM

Chennai, May 13 (UNI) PSU Bharat Earth Movers Ltd (BEML), India's leading indigenized heavy equipment maker, on Monday announced its financial results for the fourth quarter of FY24, ending March 31, 2024, reporting an impressive growth across key financial metrics, reflecting its robust performance and strategic initiatives.

see more..

Tata Power expands EV charging network in Karnataka

13 May 2024 | 7:14 PM

Bengaluru, May 13 (UNI) Tata Power, a key player in India's energy sector and a leading contributor to the electric vehicle (EV) charging infrastructure, continues to drive the growth of sustainable transportation in Karnataka.

see more..
India's retail inflation dips to 11-month low of 4 83 pc in April: Govt data

India's retail inflation dips to 11-month low of 4 83 pc in April: Govt data

13 May 2024 | 6:45 PM

New Delhi, May 13 (UNI) India's retail inflation measured by consumer price index (CPI) eased further and dipped to an 11-month low of 4.83% in April 2024, as per official data released on Monday.

see more..

Kottayam-Kochi Rubber Market Rates

13 May 2024 | 6:07 PM

Kottayam, May 13 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
image