Assetz Group exits from JV with LOGOS at 15-18% IRR

17 Jun 2022 CW Team

Assetz Group had exited its joint venture (JV) with global logistic fund LOGOS Group. The company has its focuses on residential, data centre and renewable energy business.

The exit was around 15-18% internal rate of return (IRR). LOGOS acquired 100% ownership of Assetz in the local platform.

This acquisition will include cash and land components that have been traded.

LI Sponsor Investment Pte Limited, owned by Assetz and LOGOS, has 9 million sq ft of gross leasable area with $500 million of assets under management across Bengaluru, Chennai and the National Capital Region (NCR).

After exiting, Assetz will own the Bangalore warehousing facilities but will be managed by LOGOS under the development management agreement. NCR and Chennai will be held by a LOGOS Venture and managed by LOGOS.

Assetz and LOGOS maintain an ongoing relationship through its JV in developing and managing Assetz’s Devanahalli and Nelamangala properties and other strategic mandates.

Assetz is also in the process of setting up a data centre fund of over $500 million.

Both the companies aimed to meet the strong demand from customers for modern logistics facilities in India and leverage the strong market fundamentals of this growing market.

With the Goods and Services Tax (GST) and the emergence of e-commerce, the Indian logistics and warehousing sector is moving towards a transformative growth phase.

The government has decided to accord infrastructure status to the logistics sector and allow developers access low-cost funds for development.

Blackstone Group acquired Embassy Industrial Parks at an enterprise valuation of Rs 5,250 crore from Warburg Pincus and Embassy Group. It is the largest logistics and warehousing deal in India.

Other funds like Canada Pension Plan Investment Board (CPPIB), Ascendas-Firstpace and Indospace also plan to expand their footprints in logistics and warehousing sector in India.

Image Source

Also read: Shriram Properties to sell 90 acres of land to LOGOS in Kolkata

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Assetz Group had exited its joint venture (JV) with global logistic fund LOGOS Group. The company has its focuses on residential, data centre and renewable energy business. The exit was around 15-18% internal rate of return (IRR). LOGOS acquired 100% ownership of Assetz in the local platform. This acquisition will include cash and land components that have been traded. LI Sponsor Investment Pte Limited, owned by Assetz and LOGOS, has 9 million sq ft of gross leasable area with $500 million of assets under management across Bengaluru, Chennai and the National Capital Region (NCR). After exiting, Assetz will own the Bangalore warehousing facilities but will be managed by LOGOS under the development management agreement. NCR and Chennai will be held by a LOGOS Venture and managed by LOGOS. Assetz and LOGOS maintain an ongoing relationship through its JV in developing and managing Assetz’s Devanahalli and Nelamangala properties and other strategic mandates. Assetz is also in the process of setting up a data centre fund of over $500 million. Both the companies aimed to meet the strong demand from customers for modern logistics facilities in India and leverage the strong market fundamentals of this growing market. With the Goods and Services Tax (GST) and the emergence of e-commerce, the Indian logistics and warehousing sector is moving towards a transformative growth phase. The government has decided to accord infrastructure status to the logistics sector and allow developers access low-cost funds for development. Blackstone Group acquired Embassy Industrial Parks at an enterprise valuation of Rs 5,250 crore from Warburg Pincus and Embassy Group. It is the largest logistics and warehousing deal in India. Other funds like Canada Pension Plan Investment Board (CPPIB), Ascendas-Firstpace and Indospace also plan to expand their footprints in logistics and warehousing sector in India. Image Source Also read: Shriram Properties to sell 90 acres of land to LOGOS in Kolkata

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..