Logos ties up with Assetz Property Group to elevate $400 million fund
BENGALURU: Logos Group, an Do Some Work Asia-Pacific vicinity belongings logistics agency, has entered right into a partnership with real property developer Assetz Property Group to make bigger its operations in India and raise a brand new fund.
The partners have set up a standalone platform, Logos India, which is operating on ultimate its first Indian logistics challenge with an expected $four hundred million of equity commitments to broaden belongings really 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 to reveal 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 ft of warehouse and logistics space throughout towns, including Chennai, Gujarat, and Hyderabad.
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Allcargo Logistics looking for acquisitions in the technology & agreement logistics space
MUMBAI: Allcargo Logistics is looking for acquisitions in the technology and contract logistics space, looking 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, there has been nothing a lot going on here. Although the economy became developing at 6%-7%, on (the) floor, there weren’t any massive adjustments. There became extra capacity.
