Blackstone’s Horizon Industrial Parks unveils groundbreaking for Chakan V, a state-of-the-art logistics park.
Horizon Industrial Parks, a part of Blackstone Real Estate funds, has disclosed the initiation of its second logistics park, Chakan V, in Pune. Spanning across 100 acres in Chakan, a prominent industrial center, the park capitalises on its strategic location near Mumbai-Pune Expressway and JNPT Seaport.
This facilitates efficient industrial and logistics operations. The recent completion of Chakan II, a 52-acre park, underscores the success of the venture. Noteworthy companies across various sectors, including auto components and third-party logistics, have found a home in these parks.
Urvish Rambhia, Blackstone’s principal, emphasised their commitment to delivering top-notch logistics assets. The move aligns with the escalating demand for modern warehouses in India, propelled by burgeoning e-commerce and industrial activities.
