KSH Infra plans to set up warehousing platform, in talks with investors
As per reports, Warehousing and logistic parks developer KSH Infra is in advanced talks with global institutional investors such as private equity and sovereign funds, to set up a dedicated platform to develop warehouses across four major cities in India. The company plans to develop over 10 million sq ft warehouses in Mumbai Metropolitan Region (MMR), Pune, National Capital Region and Bengaluru through this alliance in the next 4-5 years.
The company is looking forward to create a pan-India warehousing portfolio of over 10 million sq ft with a strategic partner. In the first phase of the development, four major key locations have been identified to begin with and later few other cities will be covered.
Hong Kong-based Pacific Century Group, Morgan Stanley and Singapore-based Mapletree Investment Holdings are key partners of KSH Infra. The investors will hold a majority stake in the platform, however, KSF Infra will be the execution lead. The company is looking to raise around $125 million by the end of December to fund the proposed land acquisitions in four cities.
In the wake of covid-19, demand of warehouses and logistics solutions in on the rise owning to the growing e-commerce demand. Warehousing is emerging as the most resilient sector in the COVID-19 era and is expected to grow further in the coming years.