Mumbai, June 10 -- Private equity firm Alta Capital's logistics platform LogiCap is among a handful of investors in the race to acquire Singapore-based Xander Group's warehousing portfolio in Chennai, Mumbai, and Kolkata, three people familiar with the matter told Mint.

The 3.5 million square feet portfolio has also seen bids from Horizon Industrial Parks, CapitaLand Ltd and Firstspace Realty-backed Ascendas Firstspace, and Morgan Stanley Real Estate Investing (MSREI) in the first round, one of the people quoted above said, requesting anonymity. "IndoSpace is also expected to place its bid shortly," the person added.

"Alta Capital may be inching closer to negotiating a deal at a cap rate of around 7.75%," another person quoted above add...