IndoSpace Logistics Parks III will have purchasing power of more than US$1.2bn. : IndoSpace has established the largest-ever logistics real estate fund in India, raising US$580m (€514m) for IndoSpace Logistic Parks III. Global logistics group GLP, which formed a partnership with IndoSpace earlier this year, is investing in the fund alongside a number of global institutional investors. Yesterday, GLP and Everstone, the parent company of IndoSpace, announced a US$500m partnership to invest in Indian logistics technology. IndoSpace, India’s biggest developer of industrial and warehousing facilities, said the fundraise was significantly oversubscribed on the back of strong investor demand.