InvestorQ : Why has Blackstone Real Estate acquired Embassy parks?
Dhwani Mehta made post

Why has Blackstone Real Estate acquired Embassy parks?

Answer
image
Dilmini Mercia answered.
1 month ago
Follow

Blackstone acquired Embassy Industrial Parks from a consortium of Warburg Pincus and Embassy Group at enterprise valuation of $700 million. This is a landmark deal in the warehousing sector. As part of the deal, the US based Blackstone will buy 2.16 crore SFT in two tranches over time.

Embassy Industrial Parks comprises of Grade-A logistics and warehousing assets close to urban locations. Logistics is one of its top global conviction themes for Blackstone. globally, Blackstone has acquired over 1.2 billion SFT of logistics properties in the last 11 years.

0 Views