India: Blackstone buys Embassy's warehousing assets for $700m from Warburg Pincus

India: Blackstone buys Embassy's warehousing assets for $700m from Warburg Pincus

Photo: Remy Gieling / Unsplash.com

Funds managed by Blackstone Real Estate, part of global asset management firm Blackstone Group, 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.