IndoSpace will use the investment to further develop modern grade A industrial and logistic parks

This investment aligns with QIA’s ambition to further diversify its portfolio in India’s fast-growing economy

Singapore, Mumbai, Doha, September 5, 2023 – Qatar Investment Authority (QIA) and Grosvenor Property led the second round of fundraising for IndoSpace​ Logistics Parks IV (ILP IV). IndoSpace is the largest investor, developer, and operator of grade A industrial and logistics real estate in India.

IndoSpace have secured an additional USD 150 million in investment, following the initial close of USD 243 million, this second round of funding increases the fund size to USD 393 million.

With a strong focus on sustainability and modern design, IndoSpace provides world-class infrastructure and tailored solutions to meet the evolving needs of businesses operating in the e-commerce, manufacturing, retail, and logistics sectors.

The investment will be used by IndoSpace to further develop modern grade A industrial and logistic parks in the world's fastest growing large economy, and continue to advance IndoSpace's mission of developing state-of-the-art industrial and logistics parks across the top 8 markets in India: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.

This investment in IndoSpace comes as QIA look to further diversify its portfolio in India's fast-growing economy. India's growth trajectory and national focus on innovation aligns with QIA's investment approach to support companies with high-growth potential and to invest in a broad range of real estate including warehouses, and industrial and logistics parks. Most recent investments from QIA in India have been within the technology, media and telecoms sector, retail sector, and in green energy investments.

IndoSpace has a proven track record of delivering strong returns to investors while also driving economic growth and job creation in India.