With a track record of over 340 years, Grosvenor is an international developer, manager and investor improving property and places across many of the world’s leading cities. We are excited to partner with QIA and Grosvenor and further strengthen our position as the leading player in the industry.”Ībout Grosvenor Diversified Property Investments Their investment will support our efforts to create cutting-edge facilities that foster innovation, efficiency, and sustainable growth. He has unparalleled experience in investment markets across Asia and will provide invaluable guidance as we explore opportunities in the region.”īrian Oravec, Managing Partner and CEO, IndoSpace Capital Asia, said, “We are thrilled to have QIA and Grosvenor join us on our journey to continue to transform India's industrial real estate landscape. We’re also pleased to announce Kishore’s appointment as our new NED. We look forward to a long partnership with IndoSpace. The fund comes at a time of digital transformation in India and provides us with access to growing e-commerce and manufacturing industries with a best-in-class specialist manager. Kishore has a track record of investing across some of Asia’s most dynamic markets and, during his time as Senior Managing Director at Blackstone where he led the company’s Tactical Opportunities Group for Asia.Ĭhris Taite, CEO, Grosvenor Diversified Property Investments, said, “This investment marks our first in India, as part of our drive to invest across Asia by backing like-minded local investment partners. The deal follows the announcement earlier this year, that the team is aiming to double the size of its global portfolio by 2027.Īs part of this expansion ambition, the business has appointed Kishore Moorjani, who is based in Singapore as its third independent Non-Executive Director. Grosvenor’s Diversified Property Investments team works to diversify Grosvenor’s global property portfolio by investing with specialist local managers in sectors and countries that complement the activities of Grosvenor’s regional operating companies in the UK and North America. IndoSpace focuses on the sustainable development of state-of-the-art assets across the major markets of Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune and the company will deploy the funds to add an additional 25-30 million sq. IndoSpace is the largest developer and manager of Grade A industrial and logistics real estate in India, and with Grosvenor’s new US$50m commitment alongside the Qatar Investment Authority (“QIA”) and CPPIB, Fund IV has total commitments to just under US$400m. In its debut investment in India, Grosvenor’s Diversified Property Investments team (“Grosvenor”) has invested into IndoSpace’s Logistics Parks IV fund (“Fund IV”), which focuses on grade A industrial and logistics real estate offerings in the country’s largest markets.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |