U.S.-based Morgan Stanley Real Estate Investing (MSREI), a real estate fund managed by investment bank Morgan Stanley, is in advanced talks with Indian logistics company KSH Group to invest around 400 crore rupees ($55 million) in its warehousing assets.
KSH plans to build out 5 million square feet of warehousing space in and around the Pune region by 2020.
The transaction is likely to be closed in the next one or two months.
MSREI is currently investing from its ninth fund, which has raised well over $2 billion for real estate investments worldwide.