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Lodha, Bain Capital, Ivanho Cambridge to invest in warehouses
Real estate developer Lodha has recently announced a partnership with Bain Capital and Ivanhoé Cambridge for setting up a next-generation green digital infrastructure platform investing $1 billion in developing digital infrastructure. This includes logistics and light industrial parks as well as in-city fulfilment centres across the country.
The investment will be reportedly used to create around 30 million sq ft of operating assets for serving India’s digital economy. Each of the partners will have around 33 per cent equity interest in property ownership. Lodha will lead the development, operations, and management of the assets, as per reports.
Bain Capital is an investment platform with experience in supporting logistics, industrial, warehousing and digital asset development, while Ivanhoé Cambridge is a global real estate industry leader involved in developing and investing in high-quality real estate properties.
