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MORGAN STANLEY INVESTS $49M IN INDIAN LOGISTICS DEVELOPER
Mingtiandi.com  |  February 19, 2019

Jesus Alcocer

Morgan Stanley Real Estate Investing has bought a majority stake in KSH Infra Pvt. Ltd, a Pune-based warehousing and logistics park developer for a reported INR 3.5 billion ($49 million), adding to the close to $2.3 billion poured into India’s logistics market over the last two years by foreign investors.

 

The transaction will give the American investment manager a controlling interest in KSH’s two logistics and industrial parks, which total about 1 million square feet (92,903 square metres), and fuel the Indian firm’s goal of adding 4 million additional square feet of warehouses in Pune and Mumbai by 2020.

 

This will be Morgan Stanley’s first investment into the country’s logistics real estate sector, but it follows in the footsteps of investments by Singapore’s Global Logistic Properties (GLP) and Warburg Pincus, as rapid development of e-commerce and regulatory changes have boosted the sector’s appeal with institutional investors.