Mapletree To Buy In Pune Logistics Park
Singapore-based real estate development firm Mapletree has entered into an agreement with KSH Infra Industrial Park to acquire over 7 lakh sq ft space in its logistics park in Pune for USD 40 million. This is KSH Infra's second deal for the Pune facility after Morgan Stanley Real Estate Investing, the real estate investment management arm of Morgan Stanley, picked up around 1 million sq ft of space for over USD 45 million last year. Avendus Capital, the investment banking arm of Avendus Group, acted as the exclusive financial advisor to KSH Infra. KSH Infra had raised over USD 25 million in 2013 from the Pacific Century Group of Hong Kong to expand into the logistics parks business.
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