Assetz Group has exited its joint venture (JV) with global logistics fund LOGOS Group. The company focuses on homes, data centers and renewable energy.

The exit was about 15-18% internal rate of return (IRR). LOGOS acquired 100% ownership of Assetz in the local platform.

This acquisition includes cash and land components that have been traded.

LI Sponsor Investment Pte Limited, owned by Assetz and LOGOS, has 9 million square feet of gross leasable area with $500 million in assets under management in Bengaluru, Chennai and the National Capital Region (NCR).

After the exit, Assetz will own the storage facilities in Bangalore but will be managed by LOGOS under the development management agreement.