Actis and Mahindra Lifespaces Signs Joint Venture Deal for Industrial and Logistics Park

Actis and Mahindra Lifespaces Signs Joint Venture Deal for Industrial and Logistics Park

Actis and Mahindra Lifespaces Join Forces for Industrial Real Estate Development in India. Actis, a global sustainable infrastructure investor, and Mahindra Lifespaces, the real estate arm of the Mahindra Group, announced a joint venture to develop industrial and logistics facilities across India. Actis and Mahindra Lifespaces Signs Joint Venture Deal for Industrial and Logistics Park

Key Points:

• Actis will hold a majority stake in the venture, with Mahindra Lifespaces owning a significant minority stake.
• The joint venture will focus on acquiring and developing greenfield and brownfield sites in key Indian markets.
• The partnership aims to establish itself as a leading real estate solutions provider for global and domestic corporations.
• Mahindra World Cities’ existing land parcels with ready infrastructure will serve as seed sites for initial development.

Market Drivers:

• The Indian warehousing sector is experiencing rapid growth due to rising consumer demand and increased manufacturing investments.
• The Indian government’s National Logistics Policy is expected to further boost investment in the sector.

Actis’ Perspective:

• Ashish Singh, Partner and Head of India & SE Asia Real Estate at Actis, highlights the significant growth potential in India’s warehousing sector, fueled by the country’s economic expansion and realignment of global supply chains.
• Actis emphasizes the need for dependable real estate solutions and institutional ownership in this space.
• The partnership aims to develop modern and sustainable warehousing facilities to enhance logistics efficiency and support industrial growth.

Mahindra Lifespaces’ Perspective:

• Arvind Subramanian, Managing Director and CEO of Mahindra Lifespaces, acknowledges the rising demand for high-quality warehousing and manufacturing facilities.
• Mahindra Lifespaces’ experience in developing integrated cities and industrial parks, along with existing infrastructure at Mahindra World Cities, positions them well to meet this demand.
• The joint venture leverages the expertise of both partners in infrastructure development and asset management to contribute to India’s self-reliance vision.

Overall Significance:

This collaboration signifies a strategic move to address the growing demand for industrial real estate in India. The combined expertise of Actis and Mahindra Lifespaces positions the joint venture for success in this high-growth sector.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in