Construction work on both parks will begin shortly, with phased development planned to meet rising industrial demand in the Sriperumbudur corridor, says Casagrand.
| Photo Credit: Raja Simhan T E
Blackstone, a New York-based private equity firm, will invest about ₹7,00 crore in Casagrand Industrial & Warehousing, to develop two industrial and logistics parks in Tamil Nadu. The projects are expected to reach a gross development value of ₹1,500 crore upon completion, expected within 24-30 months.
Casagrand Industrial & Warehousing, which specialises in industrial space and warehousing both dedicated and multi-user in strategic locations, has entered into a strategic investment deal with Blackstone, to develop two large-scale industrial, logistics and warehousing infrastructure, measuring cumulatively 4.2 million sf.ft, across 154 acres in Sriperumbudur, Chennai.
According to a communique from Casagrand, construction work on both parks will begin shortly, with phased development planned to meet rising industrial demand in the Sriperumbudur corridor. Part of the projects are already pre-leased to an automotive firm for developing an auto-spare parts consolidation facility and is also further expected to attract a mix of global and domestic occupants.
Arun Mn, Founder, Chairman and Managing Director, Casagrand Group said, “With Blackstone’s global expertise and our deep regional understanding, we are confident of setting a new benchmark for industrial infrastructure in the country.’’
Built to accommodate e-commerce, 3PL (third party logistics) and a broad spectrum of manufacturing occupiers, the developments aim at introducing a new tier of institutional-grade logistics & Industrial assets to one of India’s most dynamic industrial corridors, as per the media statement.
Published – November 20, 2025 08:05 pm IST
