Arshiya announced that the company had previously informed about the completion of the transaction for the monetisation of 6 warehouses located at the Free Trade and Warehousing Zone, Panvel, near New Mumbai (Arshiya FTWZ) with Ascendas Property Fund (India) (APFI).
— Business Standard
The deal envisages development of the seventh warehouse with total leasable area of 325,503 square feet at the Arshiya Free Trade and Warehousing Zone, Panvel, Mumbai. On completion of the construction, the warehouse (through a share purchase) will be acquired by Ascendas and will be leased back to Arshiya.
Lex Consult advised
AZB & Partners advised
2019-07-11
Deal value: USD 30 million
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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