Second S$400 million Indian logistics private fund launched by CapitaLand Limited
A&G News 2 August 2021
Allen & Gledhill advised CapitaLand Limited (through Ascendas India Logistics Holdings Pte. Ltd.) (“CapitaLand”), as transaction counsel, on the launch of its second Indian logistics private fund of S$400 million, CapitaLand India Logistics II Pte. Ltd. (“CILP II”). This follows after the successful launch of CapitaLand’s first Indian logistics private fund, the S$400 million Ascendas India Logistics Programme, in 2018.
CILP II will invest in the development of logistics assets in key warehousing and manufacturing hubs in major cities in India, including but not limited to Ahmedabad, Bangalore, Chennai, Mumbai, National Capital Region, and Pune.
Advising CapitaLand were Allen & Gledhill Managing Partner Jerry Koh and Partner Foong Yuen Ping.