News > Mapletree to buy 700,000 sq. ft. space in Pune logistics park for $40 mn

Mapletree to buy 700,000 sq. ft. space in Pune logistics park for $40 mn

Singapore-based real estate development firm Mapletree has entered into an agreement with KSH Infra Industrial Park to acquire over 700,000 sq. ft. space in its logistics park in Pune for $40 million. This is KSH Infra's second deal for the Pune facility after Morgan Stanley Real Estate Investing picked up around 1 million sq ft of space for over $45 million last year.

With a portfolio of 3 million sq ft under various stages of development, KSH plans to roll out a pan-India footprint.