Blackstone Group emerges as highest bidder for LOGOS India at Rs 1,200 cr

Quick Summary:

This strategic move allows LOGOS to capitalise on some of its assets and focus on growing other aspects of its portfolio.

LOGOS India’s decision to sell these assets follows its merger with Asia-Pacific-focused real estate developer ESR.

The logistics parks in Chennai are strategically located in industrial hubs such as Irungattukottai-Poonamallee-Sriperumbudur and Oragadam-Maraimalai Nagar.

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Article Details

Category: BusinessFinance

Markets: IndiaJapanPeruSingapore

Topics: Blackstone Logos India assets Indian warehouse sector Blackstone highest bidder

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 11:55:13 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23115820

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