Two Canadian firms invest in India logistics

LOGOS India has increased its Asian footprint by launching a new logistics venture with commitments from Ivanhoé Cambridge and QuadReal Property Group.

“India is the next step in our Pan-Asian real estate strategy,” said Trent Iliffe, joint managing director, LOGOS Group. “We are focused on meeting the strong demand from our customers and ensuring we can help them grow to address the challenges of the India supply-chain market.”

The strategy of the venture, to be known as the LOGOS India Logistics Venture, is focused on developing and owning high-quality, modern logistics facilities in targeted cities across India and will have up to $800 million in investment capacity.

Final closing of the Venture is subject to certain regulatory approvals.

John Marsh, joint managing director, LOGOS Group, added: “Our expansion into India will see us leverage our significant regional experience and our global development and design standards to deliver the highest-quality logistics facilities in the market.”

LOGOS India, a partnership between LOGOS Group and Assetz Property Group announced in August 2017, has identified a strong pipeline of opportunities across the key logistics hubs of Mumbai, Pune, Chennai, the National Capital Region (NCR), Bangalore, Hyderabad and Ahmedabad to meet the increasing demand for modern facilities. Supported by India’s compelling macroeconomic fundamentals, rapidly urbanizing population, progressive government initiatives and growing e-commerce sector, these markets are in a prime position to capitalize on India’s emerging consumer base.

Ben Salmon, chairman, LOGOS India and CEO, Assetz Property Group, said: “India is one of the fastest-growing economies in the world and the combination of LOGOS India’s local expertise and Pan-Asian management and development capability means we are well-placed to capitalize on the many opportunities we are seeing in this market.”