LODHA ANNOUNCES $1 BILLION PARTNERSHIP WITH IVANHOE CAMBRIDGE, BAIN CAPITAL TO DEVELOP GREEN DIGITAL INFRASTRUCTURE PLATFORM
Each of the three partners will have around 33% equity interest in the property ownership, whilst Lodha will lead the development, operations, and management of the assets.
Real estate developer Lodha on May 11 announced a partnership with Bain Capital and Ivanhoé Cambridge to set up a next-generation green digital infrastructure platform that will invest $1 billion for developing digital infrastructure that includes logistics and light industrial parks as well as in-city fulfilment centres across the country.
The venture to develop Green Digital Infrastructure for India’s digital economy with an investment of around $1 billion, aims to create about 30 million sq ft of operational assets to serve India’s digital economy.
There is a huge demand for Grade-A digital infrastructure in our country. On the backdrop of this demand and enabling multitude of job opportunities in the country, the deal is slated to line up a planned development across geographies in India.
Lodha will be responsible for developing, operating, and managing the platform assets through a dedicated entity and has already built a strong capability network for the said entity. The company has already started looking at the pan-India acquisitions of land and other core value-add assets.