South to get swanky with Horizon Industrial Parks

Horizon industrial parks

Blackstone Real Estate owned Horizon Industrial Parks is looking to expand its presence across South India, apart from penetrating other smaller cities. The company plans to invest more than INR 2,000 crore to build 9 million sq ft of logistics facilities across South India over the next few years.

“The southern region is an important market with over 40% of our current portfolio concentrated in Karnataka, Tamil Nadu and Telangana. Going ahead, tier-II (cities) will become a key demand centre.”

Rahul Pandit, CEO, Horizon Industrial Parks

Manufacturing, 3rd party logistics and e-commerce will occupy important places in the expansion blueprint for Horizon, and Mr. Pandit says they have long term investment plans in the country.

Global investment firm, Blackstone has consolidated its 16 logistics and warehousing assets across India, having an enterprise value of $900 million, under Horizon Industrial Parks.

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