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CapitaLand Unveils Second India Logistics Fund
CapitaLand Ltd has launched its second logistics fund of Rs 2,250 crore in India as it aims to tap the soaring demand for warehousing. CapitaLand India Logistics Fund II will invest in building logistics assets in warehousing and manufacturing hubs in six cities—Ahmed
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Realty Plus
Published - Saturday, 10 Jul, 2021
CapitaLand Ltd has launched its second logistics fund of Rs 2,250 crore in India as it aims to tap the soaring demand for warehousing. CapitaLand India Logistics Fund II will invest in building logistics assets in warehousing and manufacturing hubs in six cities—Ahmedabad, Bengaluru, Chennai, Mumbai, National Capital Region (NCR) and Pune—as well as in emerging markets such as Coimbatore, Guwahati, Jaipur, Kolkata and Lucknow.
The new fund follows the deployment of its first logistics fund, the S$400 million Ascendas India Logistics Programme, which was launched in 2018 to develop six projects in Bengaluru, Chennai, NCR and Pune. The projects have a total development potential of 12 million sq. ft of space, two of which are operational with 2.8 million sq. ft of leased space.
The Singapore-based firm looks to tap soaring demand for warehousing in India with the ?2,250 cr fund. Singapore-based CapitaLand Ltd has launched its second logistics fund of ?2,250 crore in India as it aims to tap the soaring demand for warehousing. CapitaLand India Logistics Fund II will invest in building logistics assets in warehousing and manufacturing hubs in six cities—Ahmedabad, Bengaluru, Chennai, Mumbai, National Capital Region (NCR) and Pune—as well as in emerging markets such as Coimbatore, Guwahati, Jaipur, Kolkata and Lucknow.
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