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IndoSpace Logistics Parks IV fundraising reaches $393M with second close led by QIA and Grosvenor

Mumbai, September 05, 2023 – IndoSpace,  announced the completion of its second round of fundraising for IndoSpace Logistics Parks IV (“ILP IV”), securing an additional USD 150 million in investment. The round was led by the Qatar Investment Authority (“QIA”), and Grosvenor’s Diversified Property Investments business, says a press release issued by the company.

Following the initial close of USD 243 million, this second round of funding increases the fund size to USD 393 million and demonstrates the continued confidence and support from leading global investors in IndoSpace’s advanced approach to industrial real estate development in India.

ILP IV will add an additional 25-30 million square feet to the IndoSpace portfolio, furthering IndoSpace’s leading position in the Indian market. ILP IV will focus on India’s largest logistics real estate markets: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. The establishment of ILP IV follows on from the first three development funds, which have a combined total of 58 million square feet of modern logistics real estate in India completed and under development.