Mapletree Logistics Trust acquires Rs 110 cr land parcel

22 Jan 2022 CW Team

Singapore-listed Mapletree Logistics Trust has purchased a land parcel spread over 55 acres on the outskirts of Bengaluru worth Rs 110 crore to enhance its core asset portfolio.

The land, situated near Hoskote, marks the firm's foray into the Bengaluru market.

In 2021, Mapletree had ventured into the fast-developing logistics space with the acquisition of a majority share in logistics company KSH Infra from a unit of Morgan Stanley Real Estate Investing (MSREI) for about Rs 455 crore.

KSH Infra possesses two warehousing and industrial logistics parks in Pune with an area of approximately 1 million sq ft, which are leased to blue-chip multinationals.

The warehousing market in India is developing at a faster speed due to demand from 3PL and e-commerce companies. It has resulted in many large deals in the past two years.

Large institutional and logistics developers are betting big on the developing demand for warehousing in India, either by creating joint ventures with local partners or by financing on their own in the sector. The segment has witnessed some huge funds like ESR, IndoSpace, Logos and Blackstone allocating more capital to this sector. Yet, rentals will continue to be stable, with more supply impacting the market.

Colliers noted that the industrial and warehousing sectors drew $1 billion in 2021. Some of the large transactions closed last year comprised the Blackstone-Embassy Industrial Park portfolio deal. It was followed by Macrotech Developers (earlier Lodha Developers), Morgan Stanley, Xander Group (Industrial Platform) and JMFTZ investment in the warehousing space.

Mapletree Logistics Trust is Singapore’s first Asia-focused logistics real estate investment trust with income-generating logistics real estate in nations comprising Singapore, the US, Malaysia, China, Australia, India and South Korea.

Image Source

Also read: Land acquisition starts for Pune-Nashik railway line - Construction

Also read: Scindia holds meeting on kickstarting multi-modal logistics hub

Singapore-listed Mapletree Logistics Trust has purchased a land parcel spread over 55 acres on the outskirts of Bengaluru worth Rs 110 crore to enhance its core asset portfolio. The land, situated near Hoskote, marks the firm's foray into the Bengaluru market. In 2021, Mapletree had ventured into the fast-developing logistics space with the acquisition of a majority share in logistics company KSH Infra from a unit of Morgan Stanley Real Estate Investing (MSREI) for about Rs 455 crore. KSH Infra possesses two warehousing and industrial logistics parks in Pune with an area of approximately 1 million sq ft, which are leased to blue-chip multinationals. The warehousing market in India is developing at a faster speed due to demand from 3PL and e-commerce companies. It has resulted in many large deals in the past two years. Large institutional and logistics developers are betting big on the developing demand for warehousing in India, either by creating joint ventures with local partners or by financing on their own in the sector. The segment has witnessed some huge funds like ESR, IndoSpace, Logos and Blackstone allocating more capital to this sector. Yet, rentals will continue to be stable, with more supply impacting the market. Colliers noted that the industrial and warehousing sectors drew $1 billion in 2021. Some of the large transactions closed last year comprised the Blackstone-Embassy Industrial Park portfolio deal. It was followed by Macrotech Developers (earlier Lodha Developers), Morgan Stanley, Xander Group (Industrial Platform) and JMFTZ investment in the warehousing space. Mapletree Logistics Trust is Singapore’s first Asia-focused logistics real estate investment trust with income-generating logistics real estate in nations comprising Singapore, the US, Malaysia, China, Australia, India and South Korea. Image Source Also read: Land acquisition starts for Pune-Nashik railway line - Construction Also read: Scindia holds meeting on kickstarting multi-modal logistics hub

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