BENGALURU: Singapore’s CapitaLand , a prominent real estate fund manager, on Wednesday said it has launched its second logistics private fund of ₹2,250 crore to expand in India’s logistics sector. CapitaLand India Logistics Fund II will invest in the development of logistics assets in key warehousing and manufacturing hubs in six cities - Ahmedabad, Bengaluru, Chennai, Mumbai, National Capital Region (NCR) and Pune, as well as in emerging markets such as Coimbatore, Guwahati, Jaipur, Kolkata and Lucknow. The fund will grow CapitaLand’s current total funds under management (FUM) of $79.2 billion across over 20 private funds and six listed trusts. CapitaLand India Logistics Fund II follows the deployment of its first logistics private fund, the $400 million Ascendas India Logistics Programme, which was launched in 2018, to develop six logistics and industrial projects in Bengaluru, Chennai, NCR, and Pune. Ascendas-Firstspace manages the assets of Ascendas India Logistics Programme and CapitaLand India Logistics Fund II.

Source: Mint July 07, 2021 05:48 UTC