Macrotech Developers (Lodha) has entered into partnership with Morgan Stanley Real Estate Investing (MSREI). The agreement is to develop 1.9 million sq ft at Palava Industrial and Logistics Park (PILP), near Mumbai with an investment of about Rs 600 crore to build grade-A warehouses across 72 acre.
The company will be project development manager, and will be responsible for leasing, project development, and asset management. MSREI is the private real estate investment management arm of Morgan Stanley.
Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
