IndoSpace Secures $150 Million Investment from Qatar Investment Authority
IndoSpace, India's largest investor, developer, and operator of grade A industrial and logistics real estate, has completed its second round of fundraising for IndoSpace Logistics Parks IV (ILP IV), securing an additional $150 million in investment.
The Qatar Investment Authority (QIA) and Grosvenor's Diversified Property Investments business led the round, IndoSpace said in a statement on Sept 5. Following an initial close of $243 million, this second round of funding brings the fund's total size to $393 million, demonstrating the continued confidence and support of leading global investors in IndoSpace's advanced approach to industrial real estate development in India.
QIA and Grosvenor’s participation in this round reflects the attractive opportunity to develop modern grade A industrial and logistic parks in the world’s fastest growing large economy.
The funds raised in this round will continue to advance IndoSpace’s mission of developing state-of-the-art industrial and logistics parks across the top eight markets in India. IndoSpace provides infrastructure and solutions to meet the evolving needs of businesses in the e-commerce, manufacturing, retail, and logistics sectors, with a strong emphasis on sustainability and modern design.
The firm has a track record of delivering returns to investors while also driving economic growth and job creation in India by leveraging its deep understanding of market dynamics and strong industry relationships.
ILP IV will add 25 million to 30 million square feet to the IndoSpace portfolio, strengthening IndoSpace's position as the market leader in India.
ILP IV will concentrate on the largest logistics real estate markets in India, including Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.