IndoSpace is the pioneer of modern industrial real estate in India and is the largest industrial warehousing platform in the country. Realterm formed IndoSpace in 2007 through a partnership with Everstone Capital, an India-focused private equity firm. Currently, IndoSpace has raised $2.3 billion of equity in aggregate. In 2018, IndoSpace partnered with GLP, a leading global industrial real estate developer with over $89 billion in AUM. This partnership enables IndoSpace to leverage GLP’s fund management, development and operational expertise and resources, as well as GLP’s extensive global customer network, to further strengthen IndoSpace’s leadership position in India.
The IndoSpace platform currently manages three funds, one core fund and two development funds. IndoSpace Core ($1.2 billion) is a joint venture vehicle established in 2017 with a large Canadian pension plan to own and operate stabilized industrial real estate assets. The other two funds, IndoSpace Logistics Parks II and IndoSpace Logistics Parks III, are opportunistic development funds with a combined equity commitment of over $1 billion.
IndoSpace has a total portfolio of more than 40 million sf of completed or under development space across more than 40 projects and 10 markets. The platform has been named Best Developer of Industrial/Warehouse Real Estate in India for the past 6 consecutive years by Euromoney and the Firm of the Year – India by PERE.