Blackstone buys Embassy Industrial Parks for enterprise value of $700 million

  • In the first of the two tranches of the transaction, announced on Monday, Blackstone has acquired 10.6 million sq. ft for $400 million from private equity firm Warburg Pincus Inc

BENGALURU : Funds managed by Blackstone Real Estate, part of global asset management firm Blackstone Group Lp, has acquired Embassy Industrial Parks (EIP) from Warburg Pincus Inc. and Embassy Group for an enterprise value of $700 million in one of the largest deals in India’s emerging warehousing sector.

https://www.livemint.com/companies/news/blackstone-buys-embassy-industrial-parks-for-enterprise-value-of-700-million-11620648611779.html