LOGOS, Assetz JV to invest in India
Sydney-based LOGOS Group and Singapore-based Assetz Property Group have partnered to set up a logistics and warehousing platform that will invest around $400 million of equity capital to build and manage specialized logistics and industrial parks in India.
The transaction marks the entry of LOGOS in India.
The new entity, LOGOS India, is fundraising the capital from third-party investors for buying land and developing warehousing facilities over the next four to five years.
Mint reported on July 4 that Assetz is in the final stage of inking a deal with a partner to set up a warehousing platform.
LOGOS, which counts Canada’s Ivanhoé Cambridge and Macquarie Corporate Holdings Ltd as its shareholders, is an integrated logistics real estate specialist, with operations in Australia, China, South-East Asia and now, in India.
Logistics commands a considerable share of the world’s GDP at 10 percent, according to the India opportunity Repo