IndoSpace-KSH Infra To For JV For Logistics Park Development
Pioneer industrial park and warehouse developer IndoSpace has formed a joint venture with warehousing services, logistics, and industrial infrastructure development KSH Infra. Under the agreement IndoSpace Rs 1,000 crore to develop the assets spread over 10 million sq ft over the next 5 years. The focus would be on tier I premium micro-markets including Pune, Mumbai, Delhi-National Capital Region (NCR), and Bangalore.
KSH Infra on its part will be responsible for identifying and developing the assets and will also be co-investing in the assets along with IndoSpace.