Actis JV with Mahindra Lifespaces, Ample Parks, launches and makes first acquisition

Actis and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, have formally launched joint venture Ample Parks, an Indian industrial and logistics real estate developer and operator.

Actis holds a majority stake in the joint venture, with Mahindra Lifespaces owning a significant minority stake.

The platform has been set up with a highly experienced management team, with Akash Rastogi, CEO and director at Ample Parks, appointed to lead the company. Ample Parks aims to acquire and develop approximately 1.5 million square meters (16.1 million square feet) of greenfield and brownfield sites in key markets across India over the next few years, with the aim of establishing itself as a leading industrial and logistics real estate solutions provider to global and local corporations.

The business has completed its first acquisition, a prime 70-acre industrial land parcel within Mahindra World City, Chennai, to develop an integra