top of page

Mapletree enters logistics biz on buying KSH Infra from Morgan Stanley arm

Singapore-listed Mapletree Logistics Trust (MLT) has bought logistics firm KSH Infra from a unit of Morgan Stanley Real Estate Investing (MSREI). KSH Infra owns warehousing properties in Pune.

The transaction marks MLT's entry into the Indian logistics market.


The two warehousing and industrial logistics parks in Pune have a total area of about one million square feet and have been leased to blue chip multinationals.


MSREI bought a majority stake in KSH Infra for around Rs 350 crore in 2019.


Last year , Singaporean real estate asset manager Mapletree Investments bought part of 1.2 million sq ft warehouse in Chakan near Pune for $50 million, reports said.


Avendus Capital was financial advisor to the affiliate of MSREI and other shareholders of KSH Infra on the transaction.


Banking on growth in e-commerce and unified tax norms, many global firms are betting big on warehousing space .


In December last year, Singapore 's GIC and ESR set up $750 million JV to set up warehousing projects in the country. ESR recently announced its plan to develop a 38 acres industrial & logistics park in Chakan near Pune.


Vineet Sekhsaria, Executive Director, Morgan Stanley Real Estate Investing India said, “The Avendus team provided extremely valuable guidance, and their depth of knowledge in this asset class is commendable.”


Prateek Jhawar, Director and Head, Infrastructure & Real Assets Investment Banking at Avendus Capital said, “The acquisition by MLT solemnizes one of the first few direct investments by a global Real Estate Investment Trust (REIT) in India, and underscores Avendus’s market leadership position in the warehousing & logistics sector."


Source: https://wap-business--standard-com.cdn.ampproject.org/c/s/wap.business-standard.com/article-amp/companies/mapletree-enters-logistrics-biz-on-buying-ksh-infra-from-morgan-stanley-arm-121033000860_1.html

 
 
 

コメント


Mindcept-Logo.png

© MINDCEPT CONSULTING

  • LinkedIn

DISCLAIMER: The information contained in this website is offered for illustration purposes only and is general information. We make no representations or warranties of any kind (express or implied) with respect to the information, products, services, statements, figures, calculations, plans, images, logos, related graphics and are purely indicative in nature only. Whilst all reasonable care has been taking in providing all information, however, We or / and our related companies or/ and our representatives, consultants or / and our agents accept no responsibility for its completeness, accuracy, reliability, suitability or availability of any information contained herein for any action taken in reliance thereon by any party. Any reliance on information as contained in this website does not constitute an offer, inducement, representation, warranty or contract and may be relied upon at one’s risk and consequences.

bottom of page