Macrotech Developers to set up industrial park funding platform

Macrotech Developers (Lodha Group) is in talks with two global investors to set up a platform that will invest over $1 bn to develop warehousing and industrial parks across the country. Discussions are in the advanced stage for establishing a platform for warehousing and industrial parks. There will be three partners in the platform, including the firm and two other global investors. The company would mainly supply assets, including land and ready warehousing space, in the platform while the two partners will bring in equity investments to develop warehousing and light industrial parks. The three partners are likely to have an equal shareholding in the proposed platform.

Contact: Lodha Group

Tel: 022-6773 7373

E-mail: enquiries@lodhagroup.com

Website: www.lodhagroup.in