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Certus advises on a $1Bn logistics platform

Certus acted as an advisor to one of the investors (AUM of ~USD160Bn globally) in this three-way joint venture to build a PAN–India portfolio of Grade A logistics and light industrial assets.

This joint venture is between one of the largest listed real estate developers in India and two marquee global investors. These investors include a US$160Bn AUM multi-asset alternative investment manager and a sovereign wealth fund with US$53Bn in real estate assets/investments. The platform aims to develop ~30MM sf logistics assets pan-India.

Few highlights:

  • Certus offered underwriting assistance and investment view on potential acquisitions in three cities including formulating a view on project assumptions, feasibility, and valuation.
  • Our team assisted the investor with evaluation of four key markets including a detailed demand-supply analysis, comps data and formulation of platform strategy for those markets.
  • Team also advised the investor on practical assessment of material findings across diligence streams.
  • Seed assets include ~110 acre/3+ MM sf logistics park at Pallava (Mumbai Metropolitan Region) and an in-city fulfilment centre.
  • Second advisory assignment for Certus with the same investor.
  • Expeditious turn-around: start to end in ~1.5 months.

Indian logistics ecosystem offers abundant opportunities driven by urbanization, domestic consumption, and evolving e-commerce sector. This platform will further support the growth of the sector by bring in requisite capital and expertise.

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