Horizon Industrial Parks, owned and managed by Blackstone Real Estate funds, has signed a long-term tenancy agreement with MOVIN, a newly launched logistics joint venture between UPS and InterGlobe Enterprises.
MOVIN was launched in May 2022. It is a new logistics brand combining UPS’ global logistics expertise with InterGlobe’s deep understanding of the Indian market.
JB Singh, Director, InterGlobe Enterprises, said: “MOVIN is a joint venture between UPS and InterGlobe. Horizon Industrial Parks shares the same value as us and is, therefore, a preferred partner for us,”
Rahul Pandit, Chief Executive Officer, Horizon Industrial Parks, said: “Logistics provides the backbone of consumption growth across many sectors including automotive, pharmaceuticals, industrials, FMCG, consumables and lifestyle, and supports job growth. Horizon is thrilled to welcome MOVIN to our growing network,”