IndoSpace invests heavily in India's industrial and warehousing sector with $1 billion expansion

IndoSpace, a prominent industrial real estate and logistics parks developer in India which supported by the Everstone Group, is planning to expand its industrial real estate and logistics parks business in India. They've invested nearly $3 billion in assets across India through a combination of equity and debt, with a focus on markets like Rajpura, Delhi/NCR, Ahmedabad, Mumbai, Pune, and Bengaluru. This expansion is driven by the growing demand in e-commerce and manufacturing sectors.
Over the next three years, IndoSpace intends to build an additional 22 million square feet of industrial and warehousing space across the country. They will allocate around $1 billion for acquiring new properties. Currently, the company has 30 million square feet of operational space, with 33 percent dedicated to industrial use and 67 percent for warehousing. They aim to nearly double this to 58 million square feet in the next two to five years. Presently, they have 6 million square feet under construction, with plans to construct another 22 million square feet in the near future.
IndoSpace recognizes the significant potential in the Indian industrial storage market. They have acquired over 2,000 acres of land across the country, which can support their expansion to 58 million square feet. They've recently raised their fourth fund, IndoSpace Logistics Parks IV (ILP IV), with a target size of $600 million. The Canada Pension Plan Investment Board (CPP Investments) has invested over $205 million in this new fund, strengthening their partnership and bringing their combined assets to over $1 billion.
With their recent fundraising efforts, IndoSpace aims to grow their portfolio significantly within the next few years. The focus of the fund will be on India's largest logistics real estate markets, including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. Additionally, they aim to target expansion into the top eight tier-I markets in the next three years.
IndoSpace has a network of 51 logistics parks spanning 11 cities in India, with a total of 58 million square feet either delivered or under development. Their commitment to expanding their presence and infrastructure in response to the evolving demands of the market underscores their dedication to the growth of the industrial and warehousing sector in India.

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IndoSpace invests heavily in India's industrial and warehousing sector with $1 billion expansion

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