Logos ties up with Assetz Property Group to elevate $400 million fund
BENGALURU: Logos Group, a logistics agency in the Do Some Work Asia-Pacific region, has partnered with real estate developer Assetz Property Group to expand its operations in India and raise a brand new fund.
The partners have set up a standalone platform, Logos India, which is operating on its first Indian logistics challenge with an expected $four hundred million of equity commitments to broaden belongings worth $1 billion, probably.
“The partnership will combine the i.
“We are seeing widespread demand from our present and new clients for institutional-grade logistics centers within the area. Our expansion in India keeps revealing Logos’ dedication to set itself up in growth markets along with our essential customer relationships,” said Trent Iliffe, joint MD at Logos Group. The JV plans to develop approximately 20 million square feet of warehouse and logistics space throughout towns, including Chennai, Gujarat, and Hyderabad.
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Allcargo Logistics is looking for acquisitions in the technology & agreement logistics space.
MUMBAI: Allcargo Logistics is looking for acquisitions in the technology and contract logistics space and is to grow its enterprise in India. Opportunities will probably grow at a quicker clip underneath GST.
“We have begun focusing lots greater on India,” chairman Shashi Kiran Shetty instructed ET in an interview. “In the last 5 years, nothing has been going on here. Although the economy is developing at 6%-7%, on (the) floor, there weren’t any massive adjustments. There became extra capacity.
