Xander Group looking to offload 3.5m-sq-ft warehousing portfolio
Private equity firm
Xander Group has initiated the process to divest its
warehousing portfolio
spread across India's key logistics markets-Chennai, Mumbai, and Kolkata-aiming for an exit with an expected valuation of over '2,000 crore, said persons with direct knowledge of the development.
The assets, aggregating to nearly 3.5 million sq ft, represent the culmination of a strategic investment cycle undertaken over the past four to five years.
The portfolio includes two assets in
Chennai
including a Special Economic Zone (SEZ) asset, an asset in Mumbai region's Bhiwandi and one more in Kolkata that was acquired around seven years ago.
All of these are fully leased Grade A income-yielding properties with over 95% of them with a Weighted Average Lease Expiry (WALE) of over five years.
The fund has mandated advisors to explore sale options, and discussions with strategic buyers and
institutional investors
have already commenced, according to persons familiar with the development.
"These are Grade-A warehousing assets located in high-demand corridors around Chennai, Mumbai, and Kolkata, all operational and leased to quality tenants," said one of the persons mentioned above. "The portfolio offers stable rental income and long-term growth potential, making it an attractive proposition for funds and operators looking to scale quickly in India."
A
Xander Group
spokesperson declined to comment for the story.
The move underscores rising institutional interest in the Indian logistics and industrial real estate sector, which has seen consistent demand from both global and domestic investors driven by e-commerce, third-party logistics (3PL) operators, and manufacturing expansion under India's "
Make in India
" push.
Xander had built this portfolio with Partners Group through its platform focusing on industrial and logistics assets, with an acquisition strategy targeting high-demand micro-markets with infrastructure linkages.
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