Qatar Investment Authority, others led additional $150 M funding secured by IndoSpace
The second round of fundraising for IndoSpace Logistics Parks IV (ILP IV) was a success, raising an additional $150 million, according to IndoSpace, the country’s largest investor, developer, and operator of grade A industrial and logistics real estate.
According to a statement from IndoSpace, the Qatar Investment Authority (QIA) and Grosvenor’s Diversified Property Investments division led the round.
This second round of funding, which brings the fund’s total size to $393 million after the initial close of $243 million, shows the enduring faith and support of top international investors in IndoSpace’s cutting-edge strategy for industrial real estate development in India.
The interest in creating cutting-edge grade A industrial and logistic parks in the world’s largest and fastest-growing large economy is reflected in QIA and Grosvenor’s participation in this round.
The funds that were raised in this round will help IndoSpace continue on its mission to build cutting-edge industrial and logistics parks across the top eight markets in India.
IndoSpace offers infrastructure and solutions with a strong emphasis on sustainability and contemporary design to meet the changing needs of companies in the e-commerce, manufacturing, retail, and logistics sectors.
The company’s track record shows that it can deliver returns to investors while also promoting economic growth and job creation in India by utilizing its in-depth knowledge of market dynamics and strong industry relationships.
The addition of 25 to 30 million square feet through ILP IV will expand IndoSpace’s portfolio and solidify its position as the market leader in India.
The four largest logistics real estate markets in India will be the focus of ILP IV: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.
The creation of ILP IV comes after the first three development funds, which together have completed and under construction 58 million square feet of contemporary logistics real estate in India.
The State of Qatar’s sovereign wealth fund is known as QIA. In order to invest and manage the state reserve funds, the company was established in 2005.
One of the biggest and busiest sovereign wealth funds worldwide is QIA.
In order to develop a global and diversified investment portfolio with a long-term perspective that can produce sustainable returns and contribute to the prosperity of the State of Qatar, the firm makes investments across a wide range of asset classes and regions as well as in collaboration with top institutions around the world.
Globally, Grosvenor Diversified Property Investments supports local partners who share the company’s core values, possess specialized knowledge, and have a track record of successful investments.
The group is a part of the larger Grosvenor company, an international business with interests in urban property, food and agtech, rural estate management, and support for charitable endeavors.
The business aims to produce strong commercial results while advancing Grosvenor’s social and environmental ambitions by investing Grosvenor’s own capital alongside local partners who have a clear understanding of the changing demands of real estate in their markets.
Since forming its first partnership in 2012, the group has supported aligned, specialized local management teams with great success on five continents and in a variety of industries, including life sciences, healthcare, housing, and offices.
