US-based private equity giant Blackstone Group has acquired 5 million sq ft of operational and leased warehousing assets from LOGOS India for over ₹1,725 crore, reinforcing its dominance in India’s logistics and supply chain sector. The assets, located in Chennai and Luhari, Haryana, boast an impressive occupancy rate exceeding 95% and yield approximately ₹125 crore in annual rent, according to sources cited by The Economic Times.
This strategic acquisition highlights Blackstone’s commitment to expanding its footprint in India’s logistics market, which has seen robust growth driven by demand for Grade-A assets managed by institutional players. The Chennai assets are in prominent industrial corridors such as Irungattukottai-Poonamallee-Sriperumbudur (IPS) and Oragadam-Maraimalai Nagar (OMM).
Following this deal, Blackstone is now the largest owner of logistics assets in India, with a portfolio spanning 55 million sq ft in under four years. These assets provide secured rental cash flows and cater to a diverse tenant base across sectors including third-party logistics, automotive, renewable electronics, and ecommerce. Key tenants include industry leaders such as Mahindra Logistics, Delhivery, HealthKart, Kuehne + Nagel, and Iron Mountain.
LOGOS India, a prominent player in the Indian logistics sector, has monetized nearly 5 million sq ft of its 5.5 million sq ft operational portfolio. The company is simultaneously developing an additional 5 million sq ft of warehousing assets across key cities, reflecting the sector’s ongoing evolution.
This transaction underscores the surging investor interest in India’s logistics and warehousing market, supported by growing ecommerce penetration and supply chain modernization.
Source: The Economic Times
