Lodha ties up with lvanhoé Cambridge, Bain Capital to develop green digital infrastructure

Lodha, real estate developer, announced a tie-up with Bain Capital and Ivanhoe Cambridge to develop a next generation green digital infrastructure platform to invest US $1 billion to create USD 1 billion to create operating assets worth 30 million square feet to serve the digital economy of the country. The platform will establish a pan-India presence in the digital infrastructure, including logistics, light industrial parks, and in-city fulfilment centers. Lodha will lead the development, operations, and management of the assets. Abhishek Lodha, CEO and MD, said, “Following the government’s focus on improving logistics efficiency and creating jobs across the country, the platform will plan the development of industrial and logistics parks as well in-city fulfilment centers across multiple cities in India. And we will focus on building and operating this digital infrastructure to the highest levels of environmental sustainability with the view to creating a global benchmark.” Each of the three partners will have a 33 per cent equity interest in the property ownership.