Blackstone to Invest ₹700 Crore in Casagrand for Industrial and Logistics Parks in Tamil Nadu.

Casagrand Industrial & Warehousing, a specialist in industrial and warehousing spaces across strategic locations, has signed an investment agreement with Blackstone, one of the world’s largest alternative investment firms, to develop two large-scale industrial and logistics parks in Sriperumbudur, Chennai.

The project will see an investment of approximately ₹700 crore from Blackstone to develop 4.2 million sq.ft of modern, Grade A industrial and warehousing infrastructure.

Designed to cater to e-commerce, third-party logistics (3PL), and a diverse range of manufacturing occupiers, the new developments aim to introduce a new standard of institutional-grade logistics and industrial assets in the region.

The projects are projected to achieve a gross development value of ₹1,500 crore upon completion, reflecting the growing demand for high-quality industrial and warehousing facilities in Tamil Nadu.