Shardul Amarchand Mangaldas Advised Logicap Management On Joint Venture With Mitsubishi Estate
Shardul Amarchand Mangaldas Advised Logicap Management On Joint Venture With Mitsubishi Estate
Shardul Amarchand Mangaldas advised Logicap Management, an industrial investor backed by Singapore-based Rava Partners, in connection with its joint venture with Mitsubishi Estate to develop modern industrial and logistics facilities across key industrial hubs in India. This collaboration is aimed at addressing India’s rapidly growing demand for state-of-the-art infrastructure solutions and the needs of both traditional industries as well as e-commerce and information technology sectors which are fast-growing.
The joint venture’s initial portfolio includes two large-scale facilities located in Gurgaon, Haryana (part of the NCR region) spread across a total site area of 29 hectares, offering a combined effective area of 179,000 square meters.
These facilities have been developed by Pragati Warehousing, one of India’s leading logistics developers and a portfolio company of Logicap, which has a track record of developing over 12 million square feet of Grade-A warehouses.
The transaction team at Shardul Amarchand Mangaldas was led by Anuj Bhasme, Partner; Rishikesh Desai, Principal Associate; Raghav Shah, Principal Associate; and Janhavi Patankar, Associate. Rohit Bajaj, Partner; and Shridha Malhotra, Principal Associate, advised on real estate related aspects of the transaction.
Latham & Watkins LLP advised Logicap on international legal aspects.
