10x Genomics (TXG)
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10x Genomics (TXG)
10x Genomics (TXG)
Xander sets up $250 mn industrial real estate platform for India
MUMBAI: The global investment firm the Xander Group’s private equity real estate arm Xander Investment Management (XIM) has set up an industrial real estate platform for India. XIM Singapore will act as the investment advisor to the platform that will invest $250 million or over Rs 1,780 crore in high quality assets over the next 12 months.The venture will acquire assets in the high growth logistics and e-commerce sector along key industrial corridors across leading Indian cities, Xander said in a release.Sponsored by the Xander Group, the platform has raised capital from leading European institutional investors that have previously been limited partners in XIM sponsored opportunity funds.“We have been investing opportunistically in the industrial/ logistics sector since 2007. With the economy poised for retail, manufacturing and consumption growth, it is the opportune time for us to create a platform with like-minded investors that will execute a longer term, targeted program,” said Rohan Sikri, Senior Partner, TXG and Managing Director, XIM.The platform has been seeded with a portfolio of two million sq ft incubated by Xander.
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