Now Reading: Alta Capital’s Logicap buys Xander warehouses for Rs 1,500 crore
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Alta Capital’s Logicap buys Xander warehouses for Rs 1,500 crore
Alta Capital’s Logicap buys Xander warehouses for Rs 1,500 crore
Alta Capital’s logistics platform Logicap has acquired 2.6 million square feet of warehousing space in Chennai and Kolkata from Singapore’s Xander Investment Management for about Rs 1,500 crore. The deal is part…
The Story in Brief
Alta Capital’s logistics platform Logicap has acquired 2.6 million square feet of warehousing space in Chennai and Kolkata from Singapore’s Xander Investment Management for about Rs 1,500 crore. The deal is part of a larger transaction valued at roughly Rs 2,000 crore that includes a planned acquisition of an additional 1 million sq ft in Bhiwandi, near Mumbai, in a second tranche.
The purchase makes Logicap India’s third-largest warehousing operator, with a portfolio of about 25 million sq ft, behind Horizon Industrial Parks and IndoSpace. The acquired properties are fully leased to tenants including DHL Supply Chain, DB Schenker, and Flipkart. The Bhiwandi sale marks Xander’s exit from India’s warehouse sector, which it entered in 2019.
The Indian Opinion
Another big-ticket acquisition in warehousing fuels the narrative that India’s logistics story is a sure bet. But the real test lies not in square footage but in actual returns. Institutional capital has rushed in, yet rental yields in Grade A warehousing remain modest, and oversupply looms as stock is set to hit 850 million sq ft by 2030. How long before vacancy rates rise and cap rates compress? Watch the next leasing cycle for clues.
Source: livemint.com
This story was synthesised by AI from the source linked above.
