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

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

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..