Morrison & Foerster LLP advised IndoSpace, India’s leading developer of industrial real estate and warehousing facilities, in the formation of IndoSpace Logistic Parks III (“ILP III”), the largest logistics real estate fund ever raised in India.
As detailed in its press release, Indospace has successfully secured equity commitment of US$580 million, which takes the fund’s total capital commitments to over US$1.2 billion, post leverage. The capital will be used to develop and acquire industrial and logistics-related real estate investments in India.
The MoFo team advising IndoSpace was led by partners Jason Nelms and Shirin Tang, and associate Sylvia Cheng, with support from partners Josh Isenberg, Amit Kataria, Timothy Blakely, and Matthew Lau.
MoFo’s Asia PERE (Private Equity Real Estate) practice has unmatched expertise and unique in its ability to assist clients across the key commercial centers in the region. Our extensive involvement in market-defining transactions has remained strong in 2018, having advised on more than 60 significant real estate transactions in Asia with total deal value in excess of US$60 billion in the last three years