IndoSpace plans to double its industrial real estate and logistics parks portfolio to 58 mn sq ft by 2028 - Moneycontrol

Private equity firm Everstone Group-backed IndoSpace has invested nearly $3bn in industrial real estate and logistics parks in India, buoyed by growing demand in the e-commerce and manufacturing sectors. The company plans to construct an additional 22 million sq ft over the next three years and deploy around $1bn on new acquisitions. IndoSpace currently has an operational portfolio of 30 million sq ft and aims to double it to 58 million sq ft in the next two to five years. Land acquisition remains a challenge for the company.

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