Horizon Industrial Parks partners with CWC to modernise 13 last-mile logistics assets in India.
Horizon Industrial Parks, under Blackstone Real Estate funds, has been appointed by the Central Warehousing Corporation (CWC) to manage and modernise a portfolio of 13 last-mile logistics assets. This 45-year partnership aims to transform government-owned properties into Grade-A facilities catering to e-commerce, retail, third-party logistics, and cold chain sectors.
These assets are primarily located in last-mile areas across major cities like the National Capital Region, Chennai, Mumbai, Pune, and Bangalore, with a development potential of 2.4 million square feet. An investment of approximately INR 700 crore has been committed to this project, marking one of India’s largest last-mile logistics portfolios.
Amit Kumar Singh, Managing Director of CWC, expressed enthusiasm about the partnership, highlighting their shared commitment to operational excellence and urbanisation. Asheesh Mohta, Head of Real Estate Acquisitions India at Blackstone, emphasised their dedication to bringing scale and expertise to the project, ensuring the development of best-in-class warehouses for efficient delivery solutions.
