The round was led by the Qatar Investment Authority (“QIA”), and Grosvenor’s Diversified Property Investments business
IndoSpace, an investor, developer, and operator of grade A industrial and logistics real estate in India, has announced the completion of its second round of fundraising for IndoSpace Logistics Parks IV (“ILP IV”), securing an additional $150 million in investment.
Following the initial close of $243 million, this second round of funding increases the fund size to $393 million. The round was led by the Qatar Investment Authority (“QIA”), and Grosvenor’s Diversified Property Investments business.
QIA and Grosvenor’s participation in this round reflects the attractive opportunity to develop modern grade A industrial and logistic parks in the world’s fastest growing large economy, India.
With a focus on sustainability and modern design, IndoSpace provides and tailored solutions to meet the evolving needs of businesses operating in the e-commerce, manufacturing, retail, and logistics sectors. It aims deliver returns to investors while also driving economic growth and job creation in India.
ILP IV will add an additional 25-30 million square feet to the IndoSpace portfolio, ILP IV will focus on India’s largest logistics real estate markets: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.
Qatar Investment Authority (“QIA”), founded in 2005 is the sovereign wealth fund of the State of Qatar. It invests ad manages the state reserve funds across a wide range of asset classes and regions as well as in partnership with leading institutions around the world.
Since its first partnership in 2012 Grosvenor Diversified Property Investments backs local partners globally, who share Grosvenor’s core values, have specialist expertise and a demonstrable investment track record.
IndoSpace, founded in 2007, is an investor, developer, and operator of grade A industrial and logistics real estate in India.