Mapletree Investments buys Pune-based logistics park for ?300 crores
Date: 2020-06-16   Author: Pankaj Singh  Category: #news

Mapletree Investments buys Pune-based logistics park for ?300 crores

Mapletree Investments Pte Ltd, the Singapore-based real estate development, investment, capital, and property Management Company, has reportedly invested ?300 crores in a logistics park project of Pune's KSH Infra Industrial Park Pvt. Ltd.

According to sources familiar with the knowledge of the matter, the agreement, which is one of the largest deals this year in warehousing and logistics, covers 0.7 million sq. ft. of the Pune-based KSH logistics park. This is in the Chakan area of town, part of a 1.2 million square feet park. KSH Infra will conduct the full construction and leasing of the project. 

The Singapore-based company also inked a forward-looking purchase agreement with KSH to purchase the property at a previously agreed price after the completion of the asset.

With around 3 mn sq. ft. of the projects under its portfolio, the firm is exploring the markets of Mumbai, Bangalore, and NCR. In 2019, the KSH Group sold USD1 mn of the Grade A Park in Talegaon and Chakan to the Morgan Stanley Real Estate Fund for USD45 million. Meanwhile, Avendus Capital served as the ‘Exclusive Financial Advisor’ to KSH Infra.

Speaking on which, Avendus Capital's Director, Prateek Jhawar, said that the Indian logistics and warehousing sector has been experiencing tremendous growth over the past three years and this growth has attracted strong capital from foreign investors. 

Mr. Jhawar added that the market is very fragmented and bigger organized players like KSH are attracting that capital. This is the second transaction on which the KSH Group has been advised in this sector.

Industry experts believe that industrial and storage areas have been India's most robust segment and will likely be the fastest and most powerful areas following the pandemic. Increasing e-commerce activities in the context of COVID-19, together with the rising demand for fast-moving consumer goods, has boosted warehouse and logistics demand in the recent years.

Source Credit - https://www.business-standard.com/article/companies/singapore-based-mapletree-buys-warehouse-in-pune-for-rs-300-crore-120061400969_1.html



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Latest Study explores the Home Non-invasive Ventilation Devices Market Witness Highest Growth in near future
Author: Ashwin Naphade

The ' Home Non-invasive Ventilation Devices market' research report now available with Market Study Report, LLC, is a compilation of pivotal insights pertaining to market size, competitive spectrum, geographical outlook, contender share, a...


Automatic Coil Winding System Market Dynamics, Comprehensive Analysis, Business Growth, Revealing Key Drivers, Prospects and Opportunities 2025
Author: Ashwin Naphade

This report studies the Global Automatic Coil Winding System market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions...


Ultrasound Fingerprint Module Market Size Forecast 2020-2025 Made Available by Top Research Firm
Author: Ashwin Naphade

Market Study Report, LLC, now has a research study on ' Ultrasound Fingerprint Module market' which delivers a precise summary of the industry estimates, SWOT analysis, industry size, profit estimation and regional outlook of the business....