Lodha in JV unveils $1-bn logistics & industrial parks
Real estate developer Lodha has announced a partnership with Bain Capital and Ivanhoé Cambridge to set up a next-generation green digital infrastructure platform that will invest $1 billion for developing digital infrastructure including logistics and light industrial parks as well as in-city fulfillment centers across the country. The platform will jointly invest around $1 billion to create around 30 million sq. ft. of operating assets to serve India’s digital economy. Each of the three partners will have around 33% equity interest in the property ownership, whilst Lodha will lead the development, operations, and management of the assets. MD & CEO, Lodha Group, Abhishek Lodha, said that with the rapid digitization of our economy and the progress of ‘Make in India’ combined with the China + 1 strategy of most global manufacturers, there is a huge demand for Grade-A digital infrastructure in the country. Following the government’s focus on improving logistics efficiency and creating jobs in different parts of the country, the platform will plan the development of industrial and logistics parks as well as in-city fulfillment centers across multiple cities in India. The first project is a 110-acre logistics and industrial park development at Palava, an established location for digital infrastructure in Mumbai. Additionally, the platform has already started looking at pan-India acquisitions of land and developed/underdevelopment projects in these asset classes.
📅Published on:
16 May 2022
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
NABARD and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra enterprise, signed an MoU to finance
The Ministry of Tourism has sanctioned 117 tourism infrastructure projects worth Rs 5,756.62 crore across the country over the last two financial years, with
India's Urban Challenge Fund has approved projects worth Rs. 31,000 crore within 20-25 days of the finalisation of its operational guidelines, according to
The Centre has reiterated that the management of urban flooding, including the cleaning and desilting of drains, is primarily the responsibility of state
Prime Minister Narendra Modi laid the foundation stone and dedicated development projects worth around ₹14,700 crore in Haryana, covering railways, highways
Prime Minister Narendra Modi laid the foundation stone and dedicated multiple development projects worth over ₹4,700 crore in Chandigarh, covering healthcare
Defence Minister Rajnath Singh has said that strategic infrastructure such as roads, tunnels, airfields and ports will remain indispensable for national
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
