Alta Capital, the Indian partner of Singapore-based Hillhouse Investments, has acquired a 2.5 million square foot leased warehousing portfolio from IndoSpace for approximately USD 100 million. IndoSpace, India's largest industrial and logistics real estate operator, owns over 58 million square feet across 11 cities, backed by global investors like Everstone and CPPIB. The acquired assets, located in Pune and Sri City, cater to blue-chip tenants in manufacturing, e-commerce, and 3PL sectors. This deal, Alta Capital's second core investment in the sector, highlights growing global interest in India's logistics market and aims to expand Alta's portfolio to over 11 million square feet.
Alta Capital, the Indian operating partner of Singapore-based private equity and asset management firm Hillhouse Investments, has successfully acquired a fully constructed and leased warehousing portfolio spanning 2.5 million square feet from IndoSpace. The enterprise value of the transaction is approximately USD 100 million. Avendus Capital acted as the exclusive financial advisor to IndoSpace for the deal.
IndoSpace is recognised as India's largest developer and operator of Grade A industrial and logistics real estate, with a portfolio exceeding 58 million square feet across more than 50 industrial logistics parks in 11 cities. The company is backed by global investors such as Everstone, Realterm, GLP, and the Canada Pension Plan Investment Board (CPPIB). The assets involved in this transaction are strategically located in prominent warehousing markets like Pune and Sri City, which cater to the industrial and logistics demands of West and South India. These properties serve blue-chip multinational clients across key sectors, including manufacturing, e-commerce, and third-party logistics (3PL).
This acquisition marks Alta Capital's second major transaction in India's growing logistics market, further strengthening its presence in the sector. Both of Alta Capital's core investments in this space have been facilitated by Avendus Capital on the sell-side. The deal is expected to significantly contribute to Alta Capital's goal of expanding its warehousing portfolio to over 11 million square feet.
The transaction is seen as a significant milestone, not just for Alta Capital and IndoSpace but also for India's logistics industry, which continues to attract substantial international and domestic investment. With this acquisition, Alta Capital reinforces its position in a sector poised for rapid growth, driven by increasing demand for high-quality industrial and logistics spaces across the country.
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