+
 IndoSpace to invest $300 mn to acquire land in warehousing
WAREHOUSING & LOGISTICS

IndoSpace to invest $300 mn to acquire land in warehousing

India-based investor and manager of Grade A industrial and logistics real estate, IndoSpace plans to invest $300 million to acquire land across significant warehousing and industrial hubs in the country and add 4 million sq ft of warehousing portfolio by the end of 2021.

The firm told the media that the demand for warehousing remains robust from the e-commerce firms as they are planning to expand operations due to the second wave of Covid-19 in India.

IndoSpace invested $500 million on nine acquisitions and has a portfolio across 39 industrial and logistics parks of over 41 million sq ft under various stages of development in nine major consumption hubs in India in 2020.

The company has raised three private equity development funds with a total equity commitment of approximately $1.2 billion.

IndoSpace formed the IndoSpace Core, a Joint Venture with the Canada Pension Plan Investment Board with a target fund size of $1.2 billion and an initial commitment of $550 million in 2016.

Despite the unfavourable socio-economic environment, warehousing stock in the top eight cities—Mumbai, Chennai, Kolkata, Ahmedabad, Hyderabad, NCR Delhi, Bangalore, and Pune, has added 27 million sq ft to reach 238 million sq ft in 2020 according to a JLL report.

Image Source


Also read: Blackstone buys Embassy Industrial Parks from Warburg Pincus

India-based investor and manager of Grade A industrial and logistics real estate, IndoSpace plans to invest $300 million to acquire land across significant warehousing and industrial hubs in the country and add 4 million sq ft of warehousing portfolio by the end of 2021. The firm told the media that the demand for warehousing remains robust from the e-commerce firms as they are planning to expand operations due to the second wave of Covid-19 in India. IndoSpace invested $500 million on nine acquisitions and has a portfolio across 39 industrial and logistics parks of over 41 million sq ft under various stages of development in nine major consumption hubs in India in 2020. The company has raised three private equity development funds with a total equity commitment of approximately $1.2 billion. IndoSpace formed the IndoSpace Core, a Joint Venture with the Canada Pension Plan Investment Board with a target fund size of $1.2 billion and an initial commitment of $550 million in 2016. Despite the unfavourable socio-economic environment, warehousing stock in the top eight cities—Mumbai, Chennai, Kolkata, Ahmedabad, Hyderabad, NCR Delhi, Bangalore, and Pune, has added 27 million sq ft to reach 238 million sq ft in 2020 according to a JLL report. Image Source Also read: Blackstone buys Embassy Industrial Parks from Warburg Pincus

Next Story
Infrastructure Transport

Cracks beneath the Surface

India’s rapid infrastructure expansion is being overshadowed by an alarming rise in bridge collapses – turning symbols of connectivity into sites of tragedy. From century-old structures worn down by time to new constructions failing within years, the failures reflect more than structural fatigue; they reveal systemic lapses in design, auditing and governance. As lives are lost and public trust erodes, experts are calling for urgent reforms to ensure that the nation’s drive to build does not come at the cost of safety. The latest collapseTragedy struck again in Gujarat with the colla..

Next Story
Real Estate

Wealth Creators

The 2025 edition of Construction World’s Wealth Creators lands at a time when India’s real-economy flywheel is spinning faster than ever. Record public capex—now above Rs 11.1 lakh crore—and an expanding roster of flagship schemes, from the National Infrastructure Pipeline and Gati Shakti to PMAY-Urban 2.0, have pushed construction sites, housing launches, and industrial capacity additions to multi-year highs. A virtuous loop of policy support, easier capital access, and resilient consumption has spread the benefits well beyond metro centres, giving fresh momentum to real estate, EPC c..

Next Story
Infrastructure Transport

Outer Ring Road Delayed Amid Compensation, DPR Confusion

Delays continue to cloud the Outer Ring Road (ORR) project as the disbursal of compensation to affected landowners is now unlikely to occur by the previously set deadline of 31 July. Despite assurances from Public Works Minister P A Mohammad Riyas following discussions with Union Minister Nitin Gadkari, the final approval for the Detailed Project Report (DPR) remains pending.According to officials, a team from the National Highways Authority of India (NHAI) is expected to visit the state next week. The authority has proposed revisions to the ORR route through hilly regions, which may further p..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?