IndoSpace sells $100 million warehousing space to Alta Capital

IndoSpace has sold its warehousing assets located in Pune, Maharashtra, Andhra Pradesh, spreading across an area of 2.5 million square feet, to Alta Capitals. The total cost of the acquired warehousing space reached a massive $100 million. The financial advisor of IndoSpace for this deal was Avendus Capital. In an official statement, Prateek Jhawar, Managing Director, Avendus Capital said – “Alta Capital’s acquisition reflects the sustained interest of global investors in India’s industrial warehousing and logistics sector, further underscoring Avendus’ market leadership in this space. We ran a tight process which attracted participation not only from a clutch of global strategic and financial investors but also from select family offices and wealth management firms.”