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Sign in Sign up for a FREE subscriptionIndoSpace holds $1.2b final close
IndoSpace, a developer of industrial real estate and warehousing facilities in India, has held the final close on IndoSpace Logistic Parks III (ILP III), the largest logistics real estate fund ever raised in India. The offering was oversubscribed.
$580 million of total equity has been committed to ILP III which, post leverage, will create a corpus of more than $1.2 billion to develop and acquire industrial and logistics-related real estate investments in India.
Global institutional investors have invested in ILP III. In September 2018, GLP established a strategic joint venture with IndoSpace, marking its entry into India. GLP will partner with IndoSpace to develop logistics parks in India as well as co-invest in IndoSpace’s managed investment vehicles.
IndoSpace increases it total commitment to India to more than $3.2 billion, to build out a pipeline of 120 million square feet of modern logistics infrastructure to support the growth and modernization of Indiaâ
