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

Wire and Cable Management Systems market: Industry analysis 2020 and forecasts to 2025
Author: Ashwin Naphade

Global Wire and Cable Management Systems market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The research report ...


IP Security (IPSec) Market Size, Growth Trends, Top Players, Application Potential and Forecast to 2025
Author: Ashwin Naphade

This report on IP Security (IPSec) market Added by Market Study Report, LLC, covers valuable insights based on market valuation, market size, revenue forecast, SWOT Analysis and regional outlook of this industry. The research also presents a preci...


Consumer Goods (CPG) Sales Software Market: Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2025
Author: Ashwin Naphade

The ' Consumer Goods (CPG) Sales Software market' research added by Market Study Report, LLC, is essentially an exhaustive review of present and future trends of this business sphere. The report also collates a concise outline of industry ...