IndoSpace, the largest investor and developer of industrial real estate in India, has completed its second round of fundraising for IndoSpace Logistics Parks IV. The round, led by the Qatar Investment Authority and Grosvenor's Diversified Property Investments business, raised an additional $150 million, increasing the fund size to $393 million. IndoSpace aims to develop state-of-the-art industrial and logistics parks across India's top markets, focusing on sustainability and modern design. ILP IV will add 25-30 million square feet to the IndoSpace portfolio, solidifying its leading position in the Indian market.
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