Alta Capital, global investors for Xander’s 2,000 Crore warehouse assets in India
Mumbai: Private capital company Alta Capital’s logistics platform Logicap, Singapore -based Xander Group’s Chennai, Mumbai and Kalcutta’daki warehouse portfolio is among the three people familiar with Mint.
The 3,5 million square meter portfolio, Horizon Industrial Parks, Capitaland Ltd and FirstSpace Realty -supported Ascendas Firstspace and Morgan Stanley Real Estate Investments (MSREI) in the first round, one of the above -mentioned people asked for anonymity. “Indopace is expected to receive his offer in a short time.”
“Alta Capital may be closer to negotiating an agreement by about 7.75%.” The CAP ratio is the annual return produced by a property according to the market value.
Real Estate Investment Consultant JLL was appointed as a banker for an agreement.
While the Xander Group avoided commenting on Alta Capital and JLL development, the queries sent to JLL, Ascendas, Horizon, Msrei and Indospace remained unanswered during publishing.
The economic Times had previously reported that Xander had tried to disposal a significant portion of storage assets. La2,000 Crore.
Investors Doner selectively
The potential agreement comes at a time when the Indian storage industry is increasing, and it comes at a time when more than one investors want to make money from portfolios.
In April, MIND reported that Xander and ESR have explored the outlets of the Indian branch from the storage assets in India and benefited from the interest of the constant investor to industrial real estates.
Singapore’s Xander Group, which invests in India Office and Retail segments, launched an industrial real estate platform of $ 250 million in 2019.
ESR India, which is a joint venture between Hong Kong based ESR Group and Germany’s Allianz Real Estate, is a leading logistics and industrial real estate company with a storage of approximately 10 million square meters in the cities in the country.
Anuj We see more exit in the Indian warehouse segment now, An Anuj Puri, President of Anarock Group, a real estate consultancy, said. Authorized, Global Private Capital Company Bain Capital and Canada Real Estate Company Ivanhoé Cambridge Inc.
At the beginning of this week, Mint reported that the warehouses, which have emerged as a key investment segment in the last 4-5 years, have now witnessed the fact that investors are now increasingly selective, that they prioritize classes in high-level cities and support technology and environmentally sustainable warehouses.
Private capital investments in the Indian real estate reached 4.2 billion dollars in 2024, which increased by 32% compared to the previous year.
Storage has pioneered the accusation by overcoming the office sector, which constitutes 45% of these investments and has the highest share of PE investments since 2017.
However, due to long-term high interest rates in the West and ongoing geopolitical uncertainty, the 2025 March quarter (January-March), National Director, Vivek Rathi, Knight Frank India, Mint.
Also read: The world’s largest warehouse company is re -entering India with a bag of 500 million dollars
In 2022, Alta Capital actively builds its warehouse portfolio through Logicap, which it has launched to invest in technology -specific logistics infrastructure. It is currently running more than 12 million square meters of footprint with Pragati storage and Ecobox industrial parks.
In November, Alta purchased logistics assets rented more than 2.5 million square meters from Indospace with an agreement of over $ 100 million ( La840 Crore). In January, Ecobox, the new development branch of Logicap, bought a 50 -acre land in Chennai, Mannur for his first project.
