Lodha partners with Bain Capital and Ivanho Cambridge

13 May 2022 , 01:32 AM

Macrotech Developers Lodha announced a partnership with Bain Capital and Ivanho Cambridge to develop a next-generation green digital infrastructure platform The platform will establish a pan-India presence in the digital infrastructure space that includes logistics and light industrial parks as well as in-city fulfillment centers The platform will jointly invest ~USD 1 billion to create ~30 million sq ft of operating assets to serve Indias digital economy Each of the 3 partners will have a ~33Percentage equity interest in the property ownership whilst Lodha will lead the development operations and management of the assets The first project is a ~110-acre logistics and industrial park development at Palava an established location for digital infrastructure in Mumbai Additionally the platform has already started looking at the pan-India acquisitions of land and developed under-development projects in these asset classes