PE-RE Fund Investments
Alta Capital buys Xander’s 2 warehousing assets for Rs.1,500-Cr
Logicap , the Singapore- and Mumbai-based logistics platform of private equity firm Alta Capital, is acquiring warehousing assets from Singapore-based Xander Investment Management. The transaction involves two separate deals, with the first tranche in Chennai and Kolkata valued at about INR 1,500 crore for 2.6 million sq. ft. A second tranche involving 1 million sq. ft in Bhiwandi is also being planned.The logistics park in Chennai is located within a free trade zone, offering duty deferments and tax benefits to its tenants, which include DHL Supply Chain, DB Schenker, and Flipkart. The property in Bagnan, near Kolkata, serves eastern consumption corridors. Both sites are currently operational and fully occupied.Following these transactions, Logicap’s total portfolio size will reach approximately 25 million sq. ft. Founded in 2021 by Siddhartha Gupta, a former executive at Blackstone, Logicap manages a portfolio of industrial and logistics real estate. The firm intends to use these acquisitions to scale its operations and enhance tenant reach across retail and manufacturing hubs.
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