Lodha forms $1b green digital infrastructure partnership with Ivanhoé Cambridge and Bain Capital
Lodha, an Indian real estate developer, has announced a partnership with Bain Capital and Ivanhoé Cambridge to develop a next-generation green digital infrastructure platform.
The platform will establish a pan-India presence in the digital infrastructure space that includes logistics and light industrial parks as well as in-city fulfillment centers. The platform will jointly invest $1 billion to create more than 30 million square feet of operating assets to serve India’s digital economy. Each of the three partners will have an approximately 33 percent equity interest in the property ownership, while Lodha will lead the development, operations and management of the assets.
“With the rapid digitization of our economy and the progress of ‘Make in India’ combined with the China-Plus-One strategy of most global manufacturers, we see that there is a huge demand for grade A digital infrastructure in our country,” said Abhishek Lodha, managing director and