Singapore-based Logicap Management Ltd., a Rava Partners company, has entered into a joint venture with Mitsubishi Estate Capital (MEC) to develop advanced industrial and logistics facilities in India’s strategic industrial zones. The seed portfolio of this partnership includes facilities in the National Capital Region (NCR) of Delhi, aimed at catering to industries such as manufacturing, e-commerce, and information technology, with a focus on eco-friendly development.
The joint venture’s initial portfolio features two mega facilities located in Gurgaon, Haryana, which were completed in 2021 and early 2022. These facilities, which have already been leased out, are strategically situated along key transport corridors that link to major industrial hubs. They are designed to meet India’s rising supply chain demands across a variety of sectors, from traditional manufacturing to the rapidly growing e-commerce industry.
Logicap’s Indian arm, Pragati Warehousing, plays a pivotal role in overseeing the development and management of these logistics assets. Pragati Warehousing boasts a portfolio of over 12 million square feet of Grade-A warehouses, contributing significantly to India’s logistics capacity. The joint venture aims to develop environmentally certified, cutting-edge facilities that align with global standards and stringent operator requirements.
The partnership between Logicap and MEC is poised for long-term collaboration, with both companies emphasising the creation of sustainable value through modern logistics platforms. In addition to this venture, both partners are exploring opportunities for developing a steady pipeline of industrial and logistics properties to support India’s industrial growth in the coming years.
