Savills Research expects private equity investors to assess an opportunity of around $330 million in the industrial and warehousing segments in 2021
Topics
Warehousing | Investors | Embassy group
Warehousing is witnessing a new phenomenon. While investors such as GIC and Blackstone have entered it, older ones such as Embassy are looking to exit.
Last month, Singaporean sovereign fund GIC announced a $750-million joint venture (JV) with logistics investor-cum-developer ESR to set up warehouses in the country. Though GIC had signed a similar JV with K Raheja Corp in 2018, the JV is yet to make any investment. “We are continuously perusing opportunities that can give us appropriate returns,” said a K Raheja Corp spokesperson. In another instance, Shapoorji …
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First Published: Tue, January 05 2021. 06:06 IST
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