Horizon Industrial Parks, a logistics platform owned and operated by real estate conglomerate Blackstone, will invest Rs 1,000 crore for setting up a industrial and warehousing logistics park in Chakan. The facility is spread over 100 acre and will provide
logistical solutions to e-commerce and industrial firms in the area. The investment is expected to generate up to 4,000 jobs, a company spokesperson said.
This is the company’s second park in Chakan as the company recently completed 52 acre unit in the area.
It also operates a 10 lakh sq ft facility in Talegaon. At the state level, the company has parks in Nashik, Nagpur and other in Mumbai Metropolitan Region (MMR). The company is targets to develop 10 crore sq ft in logistics facilities in the next three years with focus on tier-2 cities. “We continue to see strong demand for modern warehouses in India, driven by increasing ecommerce adoption and strong industrial growth,” Urvish Rambhia, principal at Blackstone said.