The Blackstone Group / Hiranandani Group joint venture

Overview:

• Multinational asset management company Blackstone Group and real estate developer Hiranandani Group have formed a joint venture to set up a countrywide warehousing and logistics industrial parks platform.
• The joint venture parties aim to invest Rs25 billion in developing 12 million sq ft of warehousing and industrial assets.
• This matter marks Blackstone's entry in the warehousing sector in India.

Shah Shameer Ahmed - Researcher