Bengaluru, Aug. 9 -- The logistics platform of private equity firm Alta Capital is acquiring warehouses in three metros from Singapore's Xander Investment Management for roughly Rs.2,000 crore in two separate deals, making it India's third-largest warehousing and industrial real estate operator.

The Alta Capital unit Logicap has already acquired 2.6 million square feet (sq. ft) in Chennai and Kolkata for about Rs.1,500 crore, and plans to add 1 million sq. ft more at Bhiwandi near Mumbai in a second tranche, Logicap chief investment officer Abhay Goyal said.

"This transaction fits our core strategy of blending greenfield development with institutional acquisitions that elevate portfolio quality and tenant reach," said Abhay Goyal, chief...