Macrotech Developers has acquired Bain Capital's stakes in three industrial and logistics park entities for Rs 307 crore. This move is part of Macrotech's strategy to boost its rental income, aligning with its position as a leading real estate firm in India, known for its Lodha brand properties.

In a recent regulatory filing, Macrotech announced that it has executed Securities Purchase Agreements (SPAs) with Bain Capital's India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1. The acquisition includes full ownership of Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd, and Bellissimo In City FC Mumbai 1 Pvt Ltd. Previously, Bain Capital held a 30% stake in Bellissimo Digital Infrastructure and 33.33% in the other two entities.

This acquisition is part of Macrotech's broader goal to gradually increase its annuity income through investments in digital infrastructure, particularly in the industrial and logistics sectors under the Lodha Industrial and Logistics Park (LILP) brand. The company emphasized that this strategy is aimed at calibrated growth in its annuity income.

Earlier in September, Macrotech also acquired the interests of Ivanhoe Warehousing India Inc in the same digital infrastructure entities, further solidifying its presence in this sector. While Macrotech Developers has a strong foothold in the housing market, it is now expanding its portfolio to include offices, malls, and logistics parks to enhance its rental income streams.

This strategic acquisition reflects Macrotech's commitment to diversifying its investments and strengthening its position in the real estate market, particularly in the growing logistics and industrial sectors.