Chennai, Nov. 21 -- Casagrand Industrial & Warehousingwhich specialises in world-class industrial space and warehousing both dedicated and multi-user in strategic locations, has entered into astrategic investment deal with Blackstone,one of the world's largest alternative investment firms to developtwo large-scale industrial and logistics parksacross154 acresin Sriperumbudur, Chennai.

The venture will see an investment aroundINR 700 croresfromBlackstoneto develop4.2 million Sq.ftof 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'...