Lodha, Bain Capital, Ivanho Cambridge to invest $1 billion for developing warehousing parks

Real estate developer Lodha on May 11 announced a partnership with Bain Capital and Ivanhoé Cambridge to set up a next-generation green digital infrastructure platform that will invest $1 billion for developing digital infrastructure that includes logistics and light industrial parks as well as in-city fulfillment centers across the country.

The platform will jointly invest around $1 billion to create around 30 million sq. ft. of operating assets to serve India’s digital economy. Each of the three partners will have around 33% equity interest in the property ownership, whilst Lodha will lead the development, operations, and management of the assets, the company said.

“With the rapid digitization of our economy and the progress of ‘Make in India’ combined with the China + 1 strategy of most global manufacturers, we see that there is a huge demand for Grade-A digital infrastructure in our country. Following the government’s focus on improving logistics efficiency and creating jobs in different parts of the country, the platform will plan the development of industrial and logistics parks as well in-city fulfillment centers across multiple cities in India,” said Abhishek Lodha, MD, and CEO, Lodha.

The first project is an around 110-acre logistics and industrial park development at Palava, an established location for digital infrastructure in Mumbai. Additionally, the platform has already started looking at the pan-India acquisitions of land and developed/ under-development projects in these asset classes.