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Vantrock Real Assets will invest over Rs 3,000 crore over the next four years to develop industrial, logistics and warehousing parks across major cities, amid strong demand from light manufacturing, e-commerce and third-party logistics firms. The Mumbai-based company, in a statement on Tuesday, said it would focus initially on warehousing, industrial and logistics parks. It aims to develop 11.5 million sq ft area over the next four years, representing a gross asset value of Rs 4,200 crore on completion. The initial projects, covering 3 million sq ft, will be located in Delhi-NCR, Bengaluru and Pune. Later, the company will enter Mumbai Metropolitan Region (MMR). Anshul Singhal, a veteran in the real estate sector with over two decades of experience, has set up his own venture, Vantrock Real Assets Pvt Ltd. "Every good industrial and warehousing park in this country is full, and the new ones are being built an hour or more away from where the customer's business is. We are going the
The International Finance Corporation (IFC) on Monday announced an equity investment of Rs 225 crore (around USD 23 million) in NDR Smart Spaces. The investment will support NDR Smart Spaces in developing a pipeline of around 20 million square feet of Grade A warehousing infrastructure across 14 cities, including around 8 million square feet under construction. NDR Smart Spaces Pvt Ltd is a newly established platform by the NDR group, which is the sponsor of NDR InvIT Trust, dedicated to developing Grade A warehousing and logistics infrastructure across several states, including Maharashtra, Tamil Nadu, and Uttar Pradesh. The portfolio will comprise both dry warehousing and cold storage facilities, with a strategic focus on tier-2/3 cities that have historically been underserved by modern logistics infrastructure, and where quality formal employment in the organised sector remains scarce, the company said. "IFC's investment in NDR Smart Spaces will support Grade A warehouses in Tie
Global alternative asset manager Alpha Wave Global has exited logistics company Delhivery by selling its entire 1.93 per cent stake for Rs 665 crore through open market transactions. Following the stake sale, shares of Delhivery on Thursday fell 2.21 per cent to trade at Rs 470.40 apiece on the NSE, and the scrip also slipped 2.15 per cent at Rs 470.25 per piece on the BSE. US-based Alpha Wave Global, through its affiliate, Alpha Wave Ventures, LP, offloaded a total of 1,44,44,800 shares in two tranches, representing a 1.93 per cent stake in Delhivery, as per the bulk deal data available on the BSE and NSE. The transactions executed on Wednesday in the price range of Rs 460.03-460.36 apiece, taking the combined deal value to Rs 664.74 crore. At the end of the March quarter, Alpha Wave Ventures, LP held a 1.93 per cent stake in Gurugram-based Delhivery. On Tuesday, venture capital firm Nexus Venture Partners sold more than 43 lakh shares of Delhivery for Rs 208 crore. In a separat