 "IndoSpace to launch $500 mn fund targeting industrial, warehousing parks")
IndoSpace, a leading developer of industrial real estate and warehousing facilities, announced on Friday that it held the final close on IndoSpace Logistic Parks III (ILP III), which it claims is the largest logistics real estate fund ever raised in India. The offering was significantly oversubscribed on the back of strong investor demand.
Around $580 million of total equity has been committed to ILP III which, post leverage will create a corpus of more than $1.2 billion to develop and acquire industrial and logistics-related real estate investments in India. IndoSpace will use the capital to further strengthen its market leadership
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