The Central Warehousing Corporation (CWC), a leading public warehouse operator under the Ministry of Consumer Affairs, Food & Public Distribution, has selected Horizon Industrial Parks, an Indian logistics platform managed by Blackstone Real Estate (BRE) funds, to lead the management of 13 last-mile logistics assets across key Indian cities.
Over a 45-year partnership, Horizon Industrial Parks will revamp these government-owned properties into Grade A facilities tailored for fast-growing sectors such as cold chain, retail, e-commerce, and third-party logistics. The portfolio, which boasts a development potential of 2.4 million square feet, is strategically located in last-mile areas near residential and commercial hubs in the National Capital Region, Chennai, Mumbai, Pune, and Bangalore, representing one of India’s largest last-mile logistics opportunities. An estimated investment of Rs 700 crore is planned to drive this transformation.
Amit Kumar Singh, Managing Director of CWC, expressed enthusiasm for the partnership, highlighting Blackstone’s global reputation in managing high-quality logistics assets. “We are pleased to collaborate with Horizon Industrial Parks to modernise CWC’s properties into state-of-the-art warehouses for India’s leading brands,” Singh said.
Asheesh Mohta, Head of Real Estate Acquisitions India at Blackstone, stated that the partnership aims to leverage the best of Blackstone and Horizon to develop best-in-class warehouses, enhancing delivery efficiency across the country.
