Horizon Industrial Parks, a portfolio of Grade A logistics parks in India owned by Blackstone Real Estate funds, has announced the groundbreaking of its second logistics park in Pune, Chakan V.
“The 100-acre park is located in Chakan, one of the key industrial hubs of the country with well-developed social and economic infrastructure.
Chakan’s proximity to Mumbai and Pune via the Mumbai-Pune Expressway and JNPT Seaport makes it an ideal base for industrial and logistics operations,” reads the release.
Horizon Industrial Parks recently completed the development of the 52-acre Chakan II park. The park is home to several high-profile companies from diverse sectors including auto components, engineering, and third-party logistics service providers.
Urvish Rambhia, principal at Blackstone, said: “We are thrilled to break ground on Chakan V, which will be built as the state-of-the-art facility, as part of our commitment to providing high-quality logistics assets in strategic locations. We continue to see strong demand for
modern warehouses in India, driven by increasing e-commerce adoption and strong industrial growth.”