Japanese real estate major Hulic has made its debut in India through a joint venture with Logicap, targeting the fast-growing industrial and logistics real estate segment.
As part of the partnership, Hulic has invested in two operational industrial assets in Pune and Chennai, marking its first exposure to the Indian real estate market. The collaboration reflects rising Japanese institutional interest in India’s logistics and manufacturing-driven growth story.
Commenting on the development, Abhay Goyal, Chief Investment Officer, Logicap, said the partnership reinforces Logicap’s strategy of building a portfolio of high-quality industrial and logistics assets across key Indian markets. He noted that as India’s real estate ecosystem matures, disciplined capital recycling and selective monetisation will help unlock value while retaining long-term development potential.
Priyank Shah, Head of Fund Management, Logicap, highlighted that Japanese capital is increasingly focused on India’s infrastructure and real estate opportunities. He added that the joint venture will pursue additional premium industrial assets across major Indian metro cities as Logicap works toward doubling its portfolio over the next two years through pan-India expansion.
Looking ahead, Logicap plans to launch the Logistics India Opportunities Fund in early 2026, aimed at accelerating institutional capital deployment into Grade A industrial and logistics assets, supported by strong sector tailwinds.
Founded in 2023, Logicap has already acquired over 16 million sq ft of industrial and logistics space across India, positioning itself as the fifth-largest institutional investor in the sector.