Blackstone Nexus Select Trust REIT and Asheesh Mohta's Vision for Logistics
Blackstone Nexus Select Trust REIT's Growth Ambitions
Blackstone Nexus Select Trust REIT is strategically expanding its presence in the logistics sector, as articulated by Asheesh Mohta, the head of real estate acquisitions in India. Plans are underway to invest significantly in Grade A industrial and logistics parks, aiming to address the growing demand for high-quality warehousing space. This initiative is crucial as the e-commerce boom continues to drive the logistics market.
Market Dynamics and Expansion Plans
The logistics industry in India faces a substantial challenge due to a shortage of high-quality warehousing space. However, the e-commerce growth and government incentives for manufacturing are enhancing demand significantly. Our acquisition of approximately 140 acres in prime locations like NCR, Mumbai, Bengaluru, and Chennai highlights our proactive approach.
A Focus on Industrial Parks
- Portfolio Expansion: Aiming to double our portfolio to 100 million sq ft within 3-4 years.
- Last-mile solutions: Evaluating opportunities in tier 1 markets to ensure tenants remain close to their customers.
- Cold storage and specialized warehousing: Exploring diverse asset types to cater to evolving market needs.
Retail and Data Centre Aspirations
Blackstone is also making strides in the retail sector, with Nexus Select Trust actively acquiring malls across India. The rising middle-class population supports the retail momentum, positioning malls as community hubs with high occupancy rates.
As for data centers, we're enthusiastic about the future, leveraging our significant resources and expertise to tap into this burgeoning market fueled by digitization and technology advancements.
Conclusion on Industrial Properties
Our experience in building premium office properties bolsters our confidence in sustaining demand as India emerges as a global tech hub. Partnerships with top developers encase our strategy of enhancing the aspirational workspace landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.