A real estate fund managed by Morgan Stanley is in advanced talks with Pune-based KSH Group to invest around Rs 400 crore (approx $55 million) in its warehousing assets.
KSH Group operates in domestic logistics, manufacturing, service and distribution sectors, with over 600 employees spread across eight cities. The group operates through various companies such as KSH Distriparks, KSH Logistics, KSH Infra, KSH International and Waterloo Distributors.
The transaction is likely to be closed in the next one or two months.
According to its website, KSH has around 1 million sq ft of industrial warehousing and logistics infrastructure, including assets in use and under development.
The group plans to build out 5 million sq. ft of warehousing space in and around the Pune region by 2020.
MSREI is currently investing from its ninth fund, which has raised well over $2 billion for real estate investments worldwide.