The strategy of the venture, to be known as the LOGOS India Logistics Venture (the Venture), is focused on developing and owning high-quality, modern logistics facilities in targeted cities across India and will have up to $800 mn in investment capacity. Final closing of the Venture is subject to certain regulatory approvals.
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, NCR, Bengaluru, Hyderabad and Ahmedabad to meet the increasing demand for modern facilities. Supported by India's compelling macroeconomic fundamentals, rapidly urbanising population, progressive government initiatives and growing e-commerce sector, these markets are in a prime position to capitalise on India's emerging consumer base.
Commenting on the Venture,Trent Iliffe, Joint Managing Director, LOGOS Group, said: 'We're pleased to be expanding our relationship with IvanhoT Cambridge to India and welcoming QuadReal as a new partner. India is the next step in our Pan-Asian real estate strategy.
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.'