With investment commitments from Ivanho Cambridge and QuadReal Property Group, LOGOS India announced today that it would allocate USD 800 million or INR 52.12 billion towards developing high-calibre, modern logistics facilities at targeted cities around India.
Earlier this year, LOGOS Group (Australia’s integrated logistics real estate firm) partnered with an Indian firm, Assetz Property Group to establish a standalone entity entitled, LOGOS India. The subsidiary was sanctioned USD 400 million or INR 26 billion in equity commitments to develop and manage institutional grade logistics facilities across key locations including Mumbai, Pune, Chennai, NCR, Bengaluru, Hyderabad and Ahmedabad.
With double the initial investment and a range of strategic partners merging financial groundswells with regional expertise, LOGOS India is making confident bets on India’s upward economic trajectory, progressive government initiatives, urbanising population and ballooning e-commerce sector.
India – as a result of remarkable economic momentum and a large consumer base – is a detrimental spoke Asia’s economic wheel. LOGOS Group’s expansion in the country is a logical next step to planting secure and lucrative investments throughout the continent.
LOGOS India, headquartered in Singapore, garners a team with deep knowledge of regional markets supported by pan-Asian leadership to advise transnational strategies.
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 capitalise on the many opportunities we are seeing in this market.”