Blackstone Real Estate Reorganizes Leadership in Asia and India
Global investment firm Blackstone has announced significant leadership changes in its Real Estate Asia and India divisions. Tuhin Parikh has been promoted to the roles of Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Asheesh Mohta, who previously headed Real Estate Acquisitions India, will now take over as Head of Real Estate India. These moves are part of a broader restructuring in Blackstone’s APAC Real Estate business.
In a statement released on Thursday, Blackstone Real Estate detailed the new roles. Parikh’s transition to the newly created position of Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India reflects his extensive experience and contributions to the firm. Parikh has been instrumental in shaping Blackstone’s real estate strategy in the region, and his new role will focus on driving growth and strategic initiatives across Asia.
Asheesh Mohta’s promotion to Head of Real Estate India is a testament to his successful tenure and deep understanding of the Indian real estate market. Mohta has been instrumental in acquiring and developing key assets in India, and his new role will see him leading the firm’s real estate investments and operations in the country.
Blackstone is one of the largest investors in India, with over USD 50 billion of assets under management since inception, of which USD 20 billion is in real estate. The firm has become one of the most significant foreign real estate investors in India, with a diverse portfolio that includes office spaces, shopping malls, logistics and warehousing, hotels, data centers, and residential assets.
Some of Blackstone’s notable investments in India include the Nexus Select Trust, which owns a portfolio of shopping malls; Horizon Industrial Parks, a leading logistics and warehousing platform; Ventive Hospitality, which operates a range of hotels; and the Lumina CloudInfra platform, which focuses on data centers. These investments underscore Blackstone’s commitment to the Indian market and its belief in the long-term growth potential of the country’s real estate sector.
The leadership changes at Blackstone come at a time when the real estate market in Asia, and particularly India, is experiencing significant growth and transformation. The firm’s strategic reorganization is aimed at capitalizing on these opportunities and maintaining its position as a leader in the region. By leveraging the expertise and experience of seasoned professionals like Tuhin Parikh and Asheesh Mohta, Blackstone aims to drive further growth and value for its investors.
In conclusion, the leadership changes at Blackstone Real Estate reflect the firm’s commitment to maintaining its strong presence in the Asian and Indian markets. With a focus on strategic growth and innovation, Blackstone is well-positioned to continue its success in the highly dynamic and competitive real estate sector.
