Second logistics private fund launched by CapitaLand in India: worth $400 million

0
557

CapitaLand said on Wednesday that it had created a second $400 million logistics private fund in India to help the country’s logistics sector grow (July 7).
The CapitaLand India Logistics Fund II would invest in important warehouse and manufacturing centers in six major cities: Ahmedabad, Bangalore, Chennai, Mumbai, the National Capital Region, and Pune, as well as in growing markets like Coimbatore, Guwahati, Jaipur, Kolkata, and Lucknow.
The assets of the CapitaLand India Logistics Fund II will be managed by Ascendas-First space. It also oversees the S$400 million Ascendas India Logistics Programme, CapitaLand’s first logistics private fund in India.
Ascendas-Firstspace is a joint venture between Ascendas-Swingbridge Group and Firstspace Realty, an Indian industrial real estate company, to develop logistics and industrial facilities in India’s main storage and manufacturing centers.
“With our second logistics fund, we will further grow our logistics footprint in India and offer additional quality logistics facilities while producing attractive returns for our investors,” said Mr. Jonathan Yap, president of CapitaLand Financial. He manages CapitaLand’s operations in India.
“With our second logistics fund, we will expand our logistics footprint in India and provide more high-quality logistics facilities for our investors,” said Mr. Jonathan Yap, president of CapitaLand Financial. He oversees CapitaLand’s activities in India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Enable Google Transliteration.(To type in English, press Ctrl+g)