KSH INFRA, WSB Invest Rs 450 Cr in Logistics Park
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KSH INFRA and WSB to invest Rs 450 crore in a 50-acre industrial and logistics park at Hosur. JV to develop 1.25 million sq ft.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Sep 29 (PTI) KSH INFRA and WSB Real Estate Partners (WSB), along with co-investors, will develop a 50-acre industrial and logistics park at Hosur with an investment of Rs 450 crore.
The two parties have entered into an asset-level joint venture. WSB along with co-investors holds 74 per cent and KSH INFRA has 26 per cent stake in the venture, a statement said.
The park has a developable area of 1.25 million square feet.
KSH INFRA has built a strong presence in the industrial and logistics sector with six parks across India, including three successful exits at Chakan I, Chakan II, and Talegaon.
The company has delivered 4 million square feet in Chakan, Pune, and has another 3 million square feet under development in Bengaluru and Chennai.
The two parties have entered into an asset-level joint venture. WSB along with co-investors holds 74 per cent and KSH INFRA has 26 per cent stake in the venture, a statement said.
The park has a developable area of 1.25 million square feet.
KSH INFRA has built a strong presence in the industrial and logistics sector with six parks across India, including three successful exits at Chakan I, Chakan II, and Talegaon.
The company has delivered 4 million square feet in Chakan, Pune, and has another 3 million square feet under development in Bengaluru and Chennai.
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