Horizon Industrial Parks Targets 60 Million Sq Ft Portfolio as Blackstone Strengthens India Logistics Strategy

Horizon Industrial Parks, backed by global investment firm Blackstone, is preparing for one of its most significant expansion phases as it aims to scale its portfolio to 60 million square feet by the end of this year. This marks a remarkable fourfold growth since the platform was created in 2020 following the acquisition of Allcargo Logistics’ industrial assets. With India’s logistics and warehousing sector witnessing unprecedented momentum, the company’s aggressive growth strategy reflects strong confidence in the country’s long term infrastructure potential.

A key milestone in this trajectory has been the consolidation of 16 million sq ft of logistics assets from Greenbase, the joint venture between Blackstone and the Hiranandani Group. This strategic integration positions Horizon as one of the fastest growing institutional players in India’s industrial real estate landscape. The company is also preparing for a public listing in the next financial year, a move that underscores its steady expansion and strengthening market fundamentals.

Horizon started with just six assets across five cities but is set to close the year with 46 grade A industrial and logistics parks across ten major locations. Nearly half of this portfolio is fully developed and leased, while the remaining part is under construction. Over the years, the company has expanded aggressively through major acquisitions, including TARC’s assets, Embassy Industrial Parks, Logos, and XSIO, enabling it to emerge as India’s largest industrial developer once it completes the 60 million sq ft mark.

Beyond large-format parks, Horizon has built India’s largest in-city logistics portfolio, covering about 6 million sq ft across seven metros. These facilities are crucial for ecommerce, rapid delivery models and urban fulfilment, especially as Grade A in-city logistics space remains highly supply constrained.

With India’s per capita Grade A logistics stock still among the lowest globally, demand is expected to remain strong. Developers estimate that the country will require an additional 200 to 250 million sq ft of high quality space in the coming years. Horizon’s expanding tenant base, which has grown from five to more than 110 occupiers, further reflects this rising market appetite.