Avendus Capital Advises KSH Infra on a Forward Sale Agreement With a Leading Singapore-Based Developer

KSH Infra is a leading Industrial & Warehousing Infrastructure developer based out of Pune and is part of KSH  Group, a 40-year old established group with multiple businesses such as Internal Container Depot (ICD), manufacturing and 3PL logistics. KSH Infra raised USD 25+ million to expand into the logistics parks business in 2013 from the Pacific Century Group of Hongkong. With a portfolio of 3 million square feet under various stages of development, the company plans to roll out a pan India footprint and is currently evaluating the markets of Mumbai, Bangalore and the National Capital Region and plans to take its footprint up to 10 million square feet. In 2019, KSH Group sold 1 mn sqft of Grade A park in Chakan and Talegaon to Morgan Stanley Real Estate Fund for USD 45+ million. 

In the present arrangement, the investor has committed to buy the park at a pre-agreed valuation along with pre-defined technical specifications. The park is EDGE Certified and lays great impetus on the importance of green development. The entire park aims to be healthier, more productive, and help reduce stress on the environment. The buildings are designed to be more energy and resource-efficient, resulting in energy savings, and a reduction in utility costs in the long term for its clients. The entire development and leasing of the project will be undertaken by KSH Infra.