Mapletree Investments to buy seven lakh sq ft space in Pune logistics park
Has entered into an agreement with KSH Infra Industrial Park
Singapore-based real estate development firm Mapletree Investments has entered into an agreement with KSH Infra Industrial Park to acquire over seven lakh sq ft space in its logistics park in Pune for USD 40 million (around Rs 300 crore).
Mapletree Investments has entered into a forward sale agreement with KSH Infra Industrial Park in Chakan, Pune, Maharashtra.
This forms part of the 12 lakh sq ft of space which KSH Infra Industrial Park is currently developing.
Avendus Capital, the investment banking arm of Avendus Group, acted as the exclusive financial advisor to KSH Infra.
With a portfolio of three million sq ft under various stages of development, KSH Infra Industrial Park plans to roll out a pan-India footprint. It is currently evaluating the markets of Mumbai, Bengaluru and the National Capital Region and plans to take its footprint to up to 10 million sq ft.
KSH Infra Industrial Park is also present in sectors like internal container depot (ICD) and manufacturing.