PROJECT

Projects

Summary of Investment Information

Project Number

43802

Company Name

INDOSPACE LOGISTICS PARKS III LP

Date SPI Disclosed

Oct 16, 2020

Country

India

Region

South Asia

Projected Board Date

Nov 20, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Dec 18, 2020
Signed : Apr 30, 2021
Invested : May 11, 2021

Sector

other

Project Description

  Indospace Logistics Parks III LP (the “fund” or “ILP III”) a US$580 million 2018 vintage fund for developing logistics and industrial parks across India. The Fund invests in warehousing and industrial property assets in India through various special purpose vehicles (“SPVs”). The proposed IFC investment is a senior secured loan of up to INR 5,500 million (equivalent to US$75 million) to select SPVs of the fund which will develop and operate warehousing and industrial properties in India.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation