Actis, Mahindra Lifespaces form India industrial and logistics JV

Actis has entered into an agreement with Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, to establish an integrated business to develop industrial and logistics real estate facilities across India. Actis is investing for a majority stake in the joint venture, with Mahindra Lifespaces owning a significant minority stake.

The business will acquire and develop greenfield and brownfield sites in key markets across India, aiming to become a leading real estate solutions provider to global and local corporations. Up to 100 acres of land with ready infrastructure in the Mahindra World Cities, offering a built-up potential of more than 2 million square feet, have been earmarked as seed sites to be acquired and developed by the business over time, subject to requisite approvals. Industrial and warehousing have emerged as a high-growth real estate asset class buoyed by rising consumer demand and accelerating manufacturing investment. The