Private Equity

PE-RE Fund Investments

Logos, Ivanhoe buy land in Pune to set up logistics park; invest over Rs.650-Cr

Economic Times  

Asia Pacific logistics real estate major Logos and its PE-RE investor partner Ivanhoe Cambridge have acquired a 77-acre industrial land parcel in Pune's Chakan industrial area to develop a logistics park. The land parcel has a development potential of over 2.2 million sq ft. The JV will acquire Logos Chakan Logistics Estate and invest INR 650 crore in the project. The JV platform has USD 800 million in investment capacity to develop and own high-quality, modern, industrial, and logistics facilities in key markets. The site will be master-planned with sustainability-driven development comprising Grade A industrial and logistics buildings. With direct access to the Mumbai-Pune Expressway and Mumbai-Bangalore NH 48, the site offers access to the Pune region from Mumbai's port and other key infrastructure.