Logicap Management, an industrial investor backed by Singapore-based Rava Partners, has entered into a joint venture with Mitsubishi Estate to develop modern industrial and logistics facilities across key industrial hubs in India.

The joint venture’s initial portfolio includes two large-scale facilities located in Gurgaon, Haryana (part of the NCR region) spread across a total site area of 29 hectares, offering a combined effective area of 179,000 square meters. These facilities have been developed by Pragati Warehousing, one of India’s leading logistics developers and a portfolio company of Logicap, which has a track record of developing over 12 million square feet of Grade-A warehouses.

Shardul Amarchand Mangaldas & Co advised Logicap on this JV.

The transaction team was led by Anuj Bhasme, Partner; Rishikesh Desai, Principal Associate; Raghav Shah, Principal Associate; and Janhavi Patankar, Associate.

Rohit Bajaj, Partner; and Shridha Malhotra, Principal Associate, advised on real estate related aspects of the transaction.

Latham & Watkins LLP advised Logicap on international legal aspects.

The Logicap-Mitsubishi collaboration is aimed at addressing India’s rapidly growing demand for state-of-the-art infrastructure solutions and the needs of both traditional industries as well as e-commerce and information technology sectors which are fast-growing.

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