The private equity major Blackstone Group is in talks with Hiranandani Group to acquire 50 pc stake in the realty developer’s logistics venture that has over 12 million sq ft assets under construction in Pune and Chennai. Following this acquisition, Blackstone will create a platform, or a joint entity with Hiranandani, to build, own and operate logistic parks across various cities. Blackstone is also in advanced talks with Allcargo Logistics to pick up around 70 pc stake in its 9 million sq ft warehousing portfolio.