The Morgan Stanley Real Estate firm has made its debut in the logistics business and also signed a purchase deal of worth Rs. 350 crore in regard to the same. The company purchased a major stake in SPV i.e. a special purpose vehicle owned by Pune’s KSH Infra. The company is known to develop city-based warehousing and industrial logistics park.
The international private real estate investment management firm of Morgan Stanley Investment Management and Pune-based KSH Infra has planned to develop extra 1.1mn sq. ft. market in the cultural capital of Maharashtra.
Rohit Hegde, managing director, KSH Distriparks said that the company is actively conceptualizing expansion of industrial warehousing verticals also look forward to the increasing demand from multiple industries including manufacturing, logistics companies, retailers and e-commerce players.
The KSH Infra has two functional warehousing and industrial logistics parks in Chakan and Talegaon areas of Pune and this sum upto nearly 1million sq. ft. that is on lease to blue-chip multinationals.
The KSH Infra was pulled out from merging with KSH Distriparks in pursuant to the transaction that operates an Internal Container Depot (ICD) out of Pune and also owns 3PL logistics business all over India.
Hedge also said that the company plans to develop 5.5 mn sq.ft. of warehouse and logistic parks all across the country as there is a huge rise in demand for warehouse and logistics. The company is planning to involve more investors in the special purpose vehicle level for business expansion.