Two companies have formed a joint venture platform to develop industrial and logistics parks in India, starting with a 70-acre project in Chennai.

The joint venture aims to acquire and develop about 1.5 million square metres of greenfield and brownfield sites in key markets across the country over the coming years. It is positioned to become a leading industrial and logistics real estate solutions provider for both global and local corporations.

One partner holds a majority stake, while the other has a significant minority stake in the venture. The platform has been established with an experienced management team, led by a Chief Executive Officer.

The business has already completed its first acquisition: a 70-acre industrial land parcel in Chennai to develop an integrated industrial and logistics park with institutional-grade buildings.

The venture’s development footprint also includes ongoing and upcoming residential and industrial projects across several Indian cities and integrated development clusters.

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