In a significant move to bolster its presence in the logistics sector, Alta Capital has acquired over 2.5 million square feet of logistics assets from IndoSpace in a deal valued at over $100 million. The transaction, which encompasses grade A logistics facilities located in Pune and Chennai, marks a substantial expansion of Alta Capital’s logistics footprint, bringing its total portfolio to 11 million square feet across India.
The assets acquired are expected to enhance Alta Capital’s competitive edge in the fast-growing Indian logistics market, which has seen a surge in demand driven by e-commerce growth and evolving supply chain strategies. This strategic acquisition aligns with Alta Capital’s recent launch of LogiCap, a dedicated platform established to manage and grow its warehousing and logistics portfolio. LogiCap’s creation underscores Alta Capital’s commitment to becoming a leader in the sector, offering state-of-the-art infrastructure that meets the highest industry standards.
“This acquisition reinforces our strategic vision to capitalize on the booming logistics market in India. With these high-quality assets, we are well-positioned to serve the growing needs of our clients and strengthen our position in key industrial hubs,” said a spokesperson for Alta Capital. The deal with IndoSpace highlights continued investor confidence in the Indian logistics and warehousing market, which remains a vital component of the nation’s economic growth trajectory.
