India’s largest Grade A industrial real-estate and logistics park developer, IndoSpace has won the ‘Logistics Deal of the Year – India’ honour at the Asset Triple A Infrastructure Awards 2021. It triumphed for closing a US$137.6-million green loan facility provided by The Hongkong and Shanghai Banking Corporation Limited (HSBC).
The loan facility is an extensive portfolio financing of logistics and warehousing, covering 14 projects in the prime warehousing hubs of Pune, Chennai, Bangalore and Delhi NCR. The loan will be used to finance or refinance certified green projects.
The green buildings have also achieved the EDGE certification by the International Finance Corporation, a member of the World Bank Group.
The Asset Triple A Infrastructure Awards are the industry’s marquee honours showcasing the best deals and advisers. The 2021 edition expanded the selection process to include infrastructure, project finance deals and advisers in Europe, Middle East, Africa and the Americas in addition to Asia-Pacific.
Rajesh Jaggi, Vice Chairman – Real-Estate, Everstone Group said, “We are grateful to receive this honour. IndoSpace moved to green warehousing early and is continuously integrating sustainability aspects into our operations and construction practices. The focus on efficient resource- management has been part of our blueprint from the start.”
IndoSpace has a portfolio of 43 million sq ft across developed and under-construction projects spanning 41 industrial and logistics parks in nine cities.