Bengaluru: Everstone Group-backed IndoSpace, India’s largest warehousing developer, has appointed Anshuman Singh, founder of Stellar Value Chain Solutions, as its managing director and chief executive, said two people familiar with the development. Rajesh Jaggi, who played a key role in building the IndoSpace business and managing it, will continue as vice-chairman (real estate) at the Singapore-based private equity firm. Also Read | CPP Investments invests $205 million in IndoSpace’s new fund IndoSpace, founded in 2007, is a joint venture between private equity firm Everstone Group and industrial real estate company Realterm. In 2023, global logistics provider CEVA Logistics acquired Stellar Value Chain, a third-party logistics firm Singh founded in 2016. Before that, he had co-founded Future Supply Chain Solutions Ltd. “Anshuman Singh, with his extensive experience in the logistics space, has joined IndoSpace to steer the future growth of the company, in terms of development of assets and leasing, and acquisitions in an opportunistic manner. The company is also planning value-added services for its clients as a new offering,” said the first of the two people cited earlier, both of whom requested not to be named. Also Read | Indospace to invest ₹600 crore in two logistics parks in Gujarat An IndoSpace spokesperson didn’t respond to queries. IndoSpace is the largest developer and operator of Grade A industrial and logistics real estate with a pan-India network of over fifty logistics parks, spanning 60 million sq. ft across 11 cities. The warehousing and logistics sector in the country has seen sustained interest from global investors who are looking to buy good-quality warehousing assets or entire portfolios from developers and operators. “With a mature, institutionally-backed asset portfolio, IndoSpace is looking to monetize it. It has been exploring the possibility of an infrastructure investment trust (InvIT) or an initial public offering (IPO) in the medium term,” said the second person. Also Read | IndoSpace inks MoU with Karnataka govt to invest ₹3,000 crore Last year, IndoSpace sold 2.5 million sq. ft of warehousing space to Alta Capital for around $100 million. The warehousing assets were located at Pune and Sri City, Andhra Pradesh. Market leader IndoSpace competes with Blackstone-owned Horizon Industrial Parks, Ascendas Firstspace, ESR India among others in an asset class which has witnessed growing demand for modern warehousing and industrial facilities, and a solid appetite among institutional investors for ready and good-quality industrial assets. “IndoSpace not only had the first-mover advantage, but it set the tone for warehousing development in India, and built with global standards from the start. In recent years, the market has become competitive with an increasing number of players of global repute,” said Chandranath Dey, India he in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
IndoSpace has named Anshuman Singh, the founder of Stellar Value Chain, as its Managing Director and Chief Executive Officer.
