Certus advises on a $1Bn logistics platform
In a nutshell
Certus acted as an advisor to one of the investors in this three-way joint venture to build a PAN–India portfolio of Grade A logistics and light industrial assets
Certus acted as an advisor to one of the investors (AUM of ~USD160Bn globally) in this three-way joint venture to build a PAN–India portfolio of Grade A logistics and light industrial assets.
This joint venture is between one of the largest listed real estate developers in India and two marquee global investors. These investors include a US$160Bn AUM multi-asset alternative investment manager and a sovereign wealth fund with US$53Bn in real estate assets/investments. The platform aims to develop ~30MM sf logistics assets pan-India.
Certus offered underwriting assistance and investment view on potential acquisitions in three cities including formulating a view on project assumptions, feasibility, and valuation. The team evaluated four key markets for the investor including detailed demand-supply analysis, comps data and formulation of platform strategy for those markets. It also advised the investor on practical assessment of material findings across diligence streams. Seed assets included ~110 acre/3+ MM sf logistics park at Pallava (Mumbai Metropolitan Region) and an in-city fulfilment centre. This is company’s second advisory assignment with the same investor.