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$330m to Be Invested in Indian Logistics Parks

IndoSpace Logistics Parks Ltd, which develops industrial real estate and warehouses, said it has closed its second fund called IndoSpace Logistics Parks II (ILP II) at $330m.

IndoSpace is developing approximately 32 million square feet of industrial and warehousing facilities in Mumbai, Pune, Bangalore, Chennai, Ahmedabad, Kolkata and the National Capital Region. Its tenants include multinational companies and logistics firms.

"The successful fund-raise is a big endorsement of IndoSpace's leadership in the industrial real estate space in India and our large and integrated platform," said Brian Oravec, partner and chief executive officer, IndoSpace.

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