New Delhi, September 3rd: Horizon Industrial Parks, a logistics platform managed by Blackstone Real Estate funds, has committed to investing ₹700 crore in redeveloping state-owned warehouses of the Central Warehousing Corporation (CWC). This significant investment is aimed at transforming 13 strategic locations across India into modern, Grade-A logistics facilities.
In a statement issued yesterday, Horizon Industrial Parks announced that it has been selected as the lead partner by CWC to manage and redevelop a portfolio of last-mile logistics assets. The CWC, operating under the Ministry of Consumer Affairs, Food & Public Distribution, is a public warehouse operator with a crucial role in India’s logistics infrastructure.
Over a 45-year partnership, Horizon Industrial Parks will focus on converting these government-owned assets into state-of-the-art facilities, tailored to meet the needs of fast-growing sectors such as e-commerce, retail, third-party logistics, and cold chain. The redevelopment will cover a total development potential of 2.4 million square feet, making it one of the largest last-mile logistics portfolios in India.
The deal, facilitated by real estate consultant Knight Frank India, marks a significant step in modernizing India’s logistics infrastructure. Knight Frank India noted that Horizon Industrial Parks plans to develop these Grade-A warehouses across key cities, including the National Capital Region (NCR), Chennai, Mumbai, Pune, and Bangalore. These locations are strategically chosen for their proximity to residential areas and city centers, ensuring efficient last-mile delivery solutions.
Horizon Industrial Parks currently manages 25 industrial and logistics parks across more than 1,700 acres, with a total area of 43 million square feet in 10 key Indian markets.
In a separate statement, Knight Frank India revealed that it has successfully facilitated the monetization of approximately 83 acres of prime Grade-A warehousing properties for CWC. As part of its broader monetization efforts, CWC has earmarked over 50 locations for modernization and development under a Public-Private Partnership (PPP) model, with a total investment of ₹782 crore across 16 properties.
In addition to the Horizon Industrial Parks deal, three locations have been awarded to RSA Warehousing, TransAsia Shipping, and LL Logistics. These projects, with a combined development potential of around 500,000 square feet, represent a total investment of ₹82 crore.