J. Sagar Associates leads MLT's acquisition of two logistics properties in Maharashtra
J. Sagar Associates (JSA) advised the manager and trustee of Mapletree Logistics Trust (the first Asia-focused logistics REIT in Singapore) ("MLT") as India counsel in connection with MLT's acquisition of 2 logistics properties in Pune, Maharashtra, through the acquisition of 100% (one hundred percent) of the shares of a property holding company in India.
The majority shareholder of the company was an affiliate of Morgan Stanley Real Estate Investing and the other shareholder was Waterloo Motors Private Limited. The deal value is approx. Rs. 4.5 billion. The transaction marks MLT's foray into the Indian logistics/ warehousing market.
The JSA Team comprised Lead partner & Joint Managing Partner – Vivek K Chandy, Of counsel – Pooranimaa Hariharan, Associates – Sudipto Mitra and Aishwarya Gupta and Paralegal – Suma V R.
The title diligence team comprised Partner – Malini Raju and Counsels – Sunanda G and Suneethi H.S.