Qatar Investment Authority (QIA) and UK-based Grosvenor s Diversified Property Investments have invested over $150 million in IndoSpace, India s leading industrial real estate developer. This brings the fund size for IndoSpace Logistics Parks IV (ILP IV) to $393 million. ILP IV aims to add 25-30 million sq ft to IndoSpace s portfolio, focusing on major logistics real estate markets in India. The investments highlight confidence in IndoSpace s approach to industrial real estate development. The warehousing sector in India is experiencing high growth, driven by increasing consumer demand and manufacturing investment.
IndoSpace, a joint venture between private equity firm Everstone Group, real estate company Realterm and logistics facilities provider GLP, is planning to spend $1 bn on acquiring logistics assets and developing 30 million sq ft of warehousing buildings in India over the next few years. The move is driven by increased demand for e-commerce and the "booming" auto and manufacturing sectors.
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