Blackstone Acquires 5 Million Sq. Ft. Warehousing Assets from LOGOS India for Rs 1,725 Crore

US-based private equity giant Blackstone Group has expanded its footprint in India’s logistics sector with the acquisition of nearly five million sq. ft. of operational and leased warehousing assets from logistics company LOGOS India, valued at over Rs 1,725 crore. This strategic move reflects Blackstone’s continued efforts to capitalize on the country’s rapidly growing logistics and supply chain infrastructure.

Following the deal, Blackstone will become the largest owner of logistics assets in India, with a total of 55 million sq. ft. of space, achieved in under four years of investing in this sector. The transaction involves three operational logistics parks located in Chennai and Luhari, Haryana, which have an impressive occupancy rate of over 95%.

The logistics parks in Chennai are situated in the high-demand Irungattukottai-Poonamallee-Sriperumbudur (IPS) and Oragadam-Maraimalai Nagar (OMM) areas. These properties are home to several prominent tenants, including multinational companies such as Kuehne + Nagel, Iron Mountain, and Mahindra Logistics. The demand for Grade-A logistics assets, particularly those developed and managed by institutional owners, has been robust, with these properties securing rental cash flows through long-term leases with tenants across various sectors, including third-party logistics, automotive, renewable electronics, and e-commerce.

LOGOS India, with an operational portfolio spanning 5.5 million sq. ft. across key Indian cities, has successfully monetized around five million sq. ft. through strategic sales like this. The sale marks a key step in LOGOS’ portfolio optimization strategy while providing Blackstone with a substantial foothold in one of the fastest-growing markets for logistics infrastructure.

This deal highlights the increasing investor confidence in India’s logistics sector, driven by the growing demand for well-located, high-quality warehousing assets. Blackstone’s acquisition is set to further consolidate its position as a major player in the Indian logistics market, contributing to the ongoing development of the country’s supply chain and infrastructure landscape.