We are excited to work with GIC to capitalise on the strong growth in the logistics sector in India. Jeffrey Shen and Stuart Gibson, ESR Co-founders and Co-CEOs said: "Capital partner support has been key to the growth of ESR's new economy real estate platform. With an upsurge in the share of organised retail and e-commerce, supported by emerging sectors such as electric vehicles and semiconductors, the industrial and logistics asset class is expected to outperform other real estate and infrastructure asset classes in the medium term. Investments in enabling sustainable infrastructure are critical to the country's development. The new Core JV provides focused capital dedicated to enabling inorganic growth of the platform and will invest in stabilised operational assets in strategic locations across Tier 1 and Tier 2 cities of the country. The Core JV represents an extension of the existing partnership in India between the two, which was initiated in 2020, with the initial capital pool dedicated to investing in development and value-add logistics and industrial opportunities across India. Macquarie Capital (Australia) Limited (together and through its affiliate, Macquarie Capital) acted as exclusive financial adviser to LOGOS India for the transaction and as sole lead manager and arranger for the Venture’s capital-raising.SINGAPORE/MUMBAI/HONG KONG, 2nd November 2022– GIC and ESR Group Limited ("ESR" SEHK Stock Code: 1821) announced, today, an 80:20 strategic partnership to establish a US$600 million joint venture ("Core JV") to acquire income-producing core industrial and logistics assets in India. ![]() Jonathan Dubois Phillips, President, International Real Estate, QuadReal, noted: “After extensive due diligence to understand the economic, demographic and government forces driving growth in India, we are delighted to be partnering with Ivanhoé Cambridge and LOGOS India to invest in the logistics sector in strategic Indian markets.” We fully support the LOGOS India team that has deep market experience and we are delighted to be partnering with QuadReal, a leading global real estate investor.” India is a strategic market for Ivanhoé Cambridge and we are continuing to grow our presence and our footprint there. Rita Rose Gagné, President, Growth Markets, Ivanhoé Cambridge, said: “We are pleased to invest in the logistics space in India, a promising high-growth real estate sector. John Marsh, Joint Managing Director, LOGOS Group, added: “Our expansion into India will see us leverage our significant regional experience and our global development and design standards to deliver the highest-quality logistics facilities in the market.”īen Salmon, Chairman, LOGOS India and CEO, Assetz Property Group, said: “India is one of the fastest-growing economies in the world and the combination of LOGOS India’s local expertise and Pan-Asian management and development capability means we are well-placed to capitalise on the many opportunities we are seeing in this market.” ![]() We are focused on meeting the strong demand from our customers and ensuring we can help them grow to address the challenges of the India supply-chain market.” ![]() India is the next step in our Pan-Asian real estate strategy. Supported by India’s compelling macroeconomic fundamentals, rapidly urbanising population, progressive government initiatives and growing e-commerce sector, these markets are in a prime position to capitalize on India’s emerging consumer base.Ĭommenting on the Venture, Trent Iliffe, Joint Managing Director, LOGOS Group, said: “We’re pleased to be expanding our relationship with Ivanhoé Cambridge to India and welcoming QuadReal as a new partner. LOGOS India, a partnership between LOGOS Group and Assetz Property Group announced in August 2017, has identified a strong pipeline of opportunities across the key logistics hubs of Mumbai, Pune, Chennai, the National Capital Region (NCR), Bangalore, Hyderabad and Ahmedabad to meet the increasing demand for modern facilities. ![]() Final closing of the Venture is subject to certain regulatory approvals. The strategy of the venture, to be known as the LOGOS India Logistics Venture (the Venture), is focused on developing and owning high-quality, modern logistics facilities in targeted cities across India and will have up to US$800 million in investment capacity. Tuesday 24th October 2017 LOGOS India is pleased to announce that it is increasing its Asian footprint by launching a new logistics venture with commitments from Ivanhoé Cambridge and QuadReal Property Group (QuadReal). LOGOS India launches India logistics venture
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