XIM sets up industrial real estate platform of $250 million
Recently, the private equity real estate arm of Xander Group – Xander Investment Management (XIM) has reportedly set up an industrial real estate platform for India.
The platform is expected to invest over Rs 1,780 crore or $250 million in high-quality assets over the next 12 months. XIM Singapore is said to act as the investment advisor to the platform.
The platform is said to have raised capital from some of the leading European investors. Earlier, the platform was only limited to partners in XIM sponsored opportunity funds.
Senior Partner and Managing Director of TXG, Rohan Sikri, said, “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.”
Incubated by Xander, the platform has a seeded portfolio of almost two million sq. Ft. Spread across Chennai and Mumbai, the platform is anchored by some of the leading national and international, domestic companies such as Amazon, DB Schenker, Kerry Indev, TVS Logistics amongst others.
Managing Director of Xander Advisors India, Ram Reddy said, “The group has a strong presence across the real estate ecosystem in India, and our exposure to the retail and industrial sector in India positions us well to execute on this new platform.”
As a result of several government reforms and due to fostering organised retail business and increased consumption patterns, the logistics sector in India is at a transformational phase. Currently, at $160 billion or almost 6% of the GDP, the industry is expected to grow annually at least at the rate of 10%.