Indian Transport & Logistics
Logistics

LOGOS India launches India Logistics Venture

October 24, 2017: LOGOS India is increasing its Asian footprint by launching a new logistics venture with commitments from Ivanhoé Cambridge and QuadReal Property Group (QuadReal). The strategy of the venture, to be known as the LOGOS India Logistics Venture (the Venture)

LOGOS India launches India Logistics Venture
X

October 24, 2017: LOGOS India is increasing its Asian footprint by launching a new logistics venture with commitments from Ivanhoé Cambridge and QuadReal Property Group (QuadReal).

The strategy of the venture, to be known as the LOGOS India Logistics Venture (the Venture), is focused on developing and owning high-quality, modern logistics facilities in targeted cities across India and will have upto $800 million in investment capacity. Final closing of the venture is subject to certain regulatory approvals.

LOGOS India, a partnership between LOGOS Group and Assetz Property Group announced in August 2017, says it has identified a strong pipeline of opportunities across the key logistics hubs of Mumbai, Pune, Chennai, the National Capital Region (NCR), Bangalore, Hyderabad and Ahmedabad to meet the increasing demand for modern facilities.

Supported by India’s compelling macroeconomic fundamentals, rapidly urbanising population, progressive government initiatives and growing e-commerce sector, these markets are in a prime position to capitalize on India’s emerging consumer base, said the company in a press release.

Commenting on the Venture, Trent Iliffe, joint managing director, LOGOS Group, said, “We’re pleased to be expanding our relationship with Ivanhoé Cambridge to India and welcoming QuadReal as a new partner. India is the next step in our Pan-Asian real estate strategy. We are focused on meeting the strong demand from our customers and ensuring we can help them grow to address the challenges of the India supply-chain market.”

John Marsh, joint managing director, LOGOS Group, added, “Our expansion into India will see us leverage our significant regional experience and our global development and design standards to deliver the highest-quality logistics facilities in the market.”

Meanwhile, Ben Salmon, chairman, LOGOS India and CEO, Assetz Property Group, said, “India is one of the fastest-growing economies in the world and the combination of LOGOS India’s local expertise and Pan-Asian management and development capability means we are well-placed to capitalise on the many opportunities we are seeing in this market.”

Macquarie Capital (Australia) Limited (together and through its affiliate, Macquarie Capital) acted as exclusive financial adviser to LOGOS India for the transaction and as sole lead manager and arranger for the Venture’s capital-raising.

Read Full Article
Next Story
Share it