TransIndia Real Estate sells stake in logistics parks
Real Estate

TransIndia Real Estate sells stake in logistics parks

TransIndia Real Estate, previously known as TransIndia Realty & Logistics Parks, has decided to sell its stake in logistics parks to funds managed by global investment firm Blackstone. The company, which emerged from Allcargo Logistics, specialises in the development and leasing of industrial and logistics parks, commercial spaces, and other real estate assets.

As part of its expansion plans, TransIndia Real Estate intends to establish logistics parks in Kolkata, Mumbai, and Bengaluru, with an investment of Rs 15 billion over a two-year period. A portion of the proceeds from the stake sale will be allocated towards setting up these parks.

According to a senior executive, the divestment involves the sale of a logistics park in Jhajjar and a 10 per cent stake in other parks. This transaction will generate significant cash proceeds, providing a boost to TransIndia Real Estate's growth initiatives.

Ravi Jakhar, Chief Strategy Officer at Allcargo, stated that the total gross proceeds from the sale amount to approximately Rs 6.50 billion. Out of this, Rs 4 billion will be invested in the logistics parks in Kolkata, Mumbai, and Bengaluru.

The infusion of capital from this transaction will not only support TransIndia's growth plans but also enhance its financial capabilities, enabling strategic investments in new opportunities.

In line with its long-term strategy, the company had previously announced the divestment of its equipment business, focusing solely on the real estate sector.

Chairman Shashi Kiran Shetty expressed his thoughts on the divestment, considering it a significant milestone for TransIndia Real Estate Limited. He emphasised that this transaction aligns with the company's strategy to develop comprehensive capabilities in the real estate business, encompassing asset development, leasing, and sales. The cash proceeds from the divestment will strengthen TransIndia's balance sheet and provide the necessary resources for future growth.

TransIndia Real Estate, previously known as TransIndia Realty & Logistics Parks, has decided to sell its stake in logistics parks to funds managed by global investment firm Blackstone. The company, which emerged from Allcargo Logistics, specialises in the development and leasing of industrial and logistics parks, commercial spaces, and other real estate assets. As part of its expansion plans, TransIndia Real Estate intends to establish logistics parks in Kolkata, Mumbai, and Bengaluru, with an investment of Rs 15 billion over a two-year period. A portion of the proceeds from the stake sale will be allocated towards setting up these parks. According to a senior executive, the divestment involves the sale of a logistics park in Jhajjar and a 10 per cent stake in other parks. This transaction will generate significant cash proceeds, providing a boost to TransIndia Real Estate's growth initiatives. Ravi Jakhar, Chief Strategy Officer at Allcargo, stated that the total gross proceeds from the sale amount to approximately Rs 6.50 billion. Out of this, Rs 4 billion will be invested in the logistics parks in Kolkata, Mumbai, and Bengaluru. The infusion of capital from this transaction will not only support TransIndia's growth plans but also enhance its financial capabilities, enabling strategic investments in new opportunities. In line with its long-term strategy, the company had previously announced the divestment of its equipment business, focusing solely on the real estate sector. Chairman Shashi Kiran Shetty expressed his thoughts on the divestment, considering it a significant milestone for TransIndia Real Estate Limited. He emphasised that this transaction aligns with the company's strategy to develop comprehensive capabilities in the real estate business, encompassing asset development, leasing, and sales. The cash proceeds from the divestment will strengthen TransIndia's balance sheet and provide the necessary resources for future growth.

Next Story
Products

Mulroom Revolutionizes India’s Furniture Market

India's furniture market, a rapidly growing industry, has long grappled with inefficient supply chains, high costs, and limited customization options. Enter Mulroom, a tech-driven startup founded by Parikshit Guhabiswas, which aims to revolutionize the sector through a direct-to-consumer (DTC) model that empowers craftspeople and small-scale manufacturers while promoting sustainability. Mulroom tackles the industry's age-old problems by eliminating middlemen and implementing a lean, technology-enabled supply chain that cuts down waste and reduces costs. By leveraging AI-powered demand forecas..

Next Story
Infrastructure Urban

Build Capital Exits Second SRA Project with 19.76% IRR

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing. Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancin..

Next Story
Infrastructure Urban

Chandak Group Celebrates Women’s Identity

Chandak Group marked this Women’s Day with a powerful and heartfelt gesture aimed at celebrating the individuality and strength of women. Instead of conventional celebrations, the real estate brand launched a meaningful campaign to honor the women who have made Chandak homes their own. The initiative offered every woman homebuyer a unique, personalized memento—a beautifully engraved, sustainable keyholder featuring her name. This thoughtful token serves not only as a keepsake but also as a recognition of her journey, achievements, and rightful space within the home. The campaign’s emot..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?