Casagrand Industrial & Warehousing and
Blackstone Forms A Strategic Investment Deal to Develop Two Industrial and
Logistics Parks in Tamil Nadu
~With around INR 700 crore investments from
Blackstone, the partnership will develop 4.2 million sq ft of high-spec
industrial and logistics spaces across 154 acres in Tamil Nadu~
Chennai, 20th November, 2025: Casagrand
Industrial & Warehousing which specialises in world-class industrial
space and warehousing both dedicated and multi-user in strategic locations, has
entered into a strategic investment deal with Blackstone, one of the
world’s largest alternative investment firms to develop two large-scale
industrial and logistics parks across 154 acres in Sriperumbudur,
Chennai.
The venture will see an investment around INR
700 crores from Blackstone to develop 4.2 million Sq.ft of
modern, Grade A industrial and warehousing Infrastructure. Built to accommodate
e-commerce, 3PL and a broad spectrum of manufacturing occupiers, the developments
aim to introduce a new tier of institutional-grade logistics & Industrial
assets to one of India’s most dynamic industrial corridors. The projects are
expected to reach a gross development value of INR 1500 crores upon
completion.
Casagrand Industrial & Warehousing has already
delivered 6 million sq ft and is executing a 15 million sq ft
pipeline. The state’s industrial growth primarily driven by electronics,
automotive and export-oriented manufacturing has accelerated the need for
high-specification logistics & Industrial infrastructure.
Commenting on the partnership, Mr. Arun Mn,
Founder, Chairman and Managing Director, Casagrand Group said, “Our
partnership with Blackstone marks a pivotal step in our journey to redefine the
industrial and logistics landscape in Tamil Nadu. We are not just developing
industrial parks; we are creating future-ready ecosystems that enable global
manufacturers to operate with scale, speed and world-class efficiency. With
Blackstone’s global expertise and our deep regional understanding, we are
confident of setting a new benchmark for industrial infrastructure in the
country”.
Construction on both parks will begin shortly, with phased development
planned to meet rising industrial demand in the Sriperumbudur corridor. Part of
the projects is already pre-leased to an Indian Auto major for developing an
auto-spare parts consolidation facility and is also further expected to attract
a mix of global and domestic occupants. Riding on the strength of its group
in-house EPC capability which consists of 2200 engineers, the company aims to
complete the entire project within a timeframe of 24-30 months. Together,
Blackstone and Casagrand Industrial and Warehousing aim to deliver high-quality
assets that support India’s expanding manufacturing ambition.
About Casagrand
Industrial & Warehousing: Casagrand Industrial & Warehousing Division is
dedicated to developing world-class industrial and warehousing infrastructure.
15 million sq. ft. over 12 strategic locations, we build and operate
state-of-the-art, multi-product industrial parks designed to support
manufacturing, logistics, and emerging sectors. Having successfully delivered 6
million sq. ft. of plug-and-play facilities, we specialize in creating
customized, scalable facilities that meet specific client requirements. Our
vision is to establish a robust pan-India network of industrial & logistics
hubs, ensuring seamless last-mile connectivity and superior operational
efficiency. Backed by a dynamic team of experienced professionals with deep
market expertise, we deliver high-quality, future-ready solutions that offer
safety, reliability, and long-term value, making Casagrand a trusted partner
for businesses looking to grow and thrive.
