Japanese real estate company Hulic has formed a joint venture with Logicap to develop industrial and logistics real estate in India.
The investment with Logicap marks the Japanese company’s entry into India. Hulic has invested in two operating industrial properties located in Pune and Chennai, major industrial cities in India.
Abhay Goyal, chief investment officer, Logicap, said: “This collaboration validates the strength of our strategy of investing in high-quality industrial and logistics assets across India.
“As India’s real estate market matures, structured capital recycling and selective monetisation can unlock value while retaining development upside and ensuring prudent capital management.”
Priyank Shah, head of fund management at Logicap, said: “Japanese capital has fixed its sights on India’s potential, and we will continue to deliver high-quality, high growth and sound infrastructure opportunities at scale and in line with our growth vision.”
The joint venture will target other high-quality industrial assets in other Indian metro cities, as Logicap aims to double its portfolio size over the next two years through a pan-India expansion, Shah said.
Logicap also plans to launch the Logistics India Opportunities Fund in early 2026 to accelerate institutional capital deployment into Grade A industrial assets amid strong market tailwinds.
Since its inception in 2023, Logicap has acquired over 16m sqft of industrial and logistics assets across India, establishing itself as the fifth-largest institutional investor in the sector.
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