Logicap completes acquisition of warehousing assets from Xander Investment Management

M&A / JV 9 Aug 2026 (announcement)· ₹2,000 cr (two tranches: ₹1,500 cr + second tranche) · Completed· ✓ Verified

Logicap (founded 2022, part of Alta Capital established 2021 by former Blackstone executive Siddhartha Gupta) acquired 2.6 million sq. ft. of fully-occupied warehousing from Singapore-based Xander Investment Management for approximately ₹1,500 crore. The first tranche comprises a 1.9 million sq. ft. logistics park in Chennai's free trade zone (duty deferments and tax benefits) and a 700,000 sq. ft. facility in Bagnan, Kolkata, both operational and leased to blue-chip tenants (DHL Supply Chain, DB Schenker, Flipkart). A second tranche of 1 million sq. ft. in Bhiwandi (Mumbai) is planned. Total deal value estimated at approximately ₹2,000 crore. The sale marks Xander's exit from India's…

Why it mattersCross-border real estate platform acquisition by inbound PE firm demonstrates institutional investor appetite for stabilised, fully-let Grade-A logistics assets in Tier-1 cities; free trade zone arbitrage (Chennai facility) exemplifies structuring nuance in logistics M&A; execution across two tranches with different geographies (port-centric vs. consumption-corridor focus) signals staged portfolio integration strategy.
CounselKhaitan & Co
SectorInfrastructure
Value₹2,000 cr (two tranches: ₹1,500 cr + second tranche)
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