31 Aug 2023

Reliance Retail Ventures Ltd, under Mukesh Ambani's leadership, plans to raise approximately Rs 3,048 crore through an infrastructure investment trust (InvIT), as per a draft document submitted to Sebi. The company, already having registered a trust with the market regulator, intends to utilize it to house the warehouse assets intended for monetization. A minimum of 25% of the trust's units will be retained by Reliance Retail, with the remaining portion open to incoming investors. The initiative aligns with the company's broader strategy of capitalizing on its warehousing and logistics assets, aiming to drive growth and innovation.Read more

17 Aug 2023

IndoSpace, a major player in India's industrial real estate and logistics sector, plans to invest over $1 billion in acquiring new warehousing and logistics assets within the next two to three years. Backed by Everstone Group, the investment aims to meet the growing demand for modern logistics facilities driven by e-commerce growth and favourable policies. IndoSpace operates through a joint venture with GLP and Realterm and plans to develop 30 million square feet of warehousing properties. The company's expansion strategy aligns with India's increasing need for industrial and warehousing spaces, driven by consumer demands and manufacturing growth.Read more

09 Aug 2023

Lucknow, the capital of Uttar Pradesh, is emerging as a prominent Industrial and Logistics (I&L) hub in Northern India, closely following Delhi-NCR, reports CBRE South Asia Pvt. Ltd. Noteworthy investments from Amazon, Mondelez, and Flipkart totalling INR 400 crore have contributed to this growth, with an additional INR 70 crore anticipated for upcoming warehouse developments. Demand for premium warehousing space in Lucknow has surged, with leasing activity increasing by an impressive 300% year-on-year to 0.18 million square feet in FY23. Factors such as competitive land prices, robust road connectivity, and supportive industrial land use classification under UPSIDA have fuelled this growth.Read more

03 Aug 2023

Prozo, a prominent player in the SME sector, has announced a strategic expansion by establishing three state-of-the-art warehouses in Bengaluru and Ludhiana. With a focus on revolutionizing the supply chain landscape, the move aims to serve a broader customer base efficiently. Equipped with cutting-edge technology and eco-friendly practices, Prozo's warehouses will ensure seamless order processing and timely deliveries, reinforcing its position as a leader in the SME supply chain space. The visionary move aligns with the growing demand for reliable supply chain solutions, further empowering SMEs to adapt to the evolving business landscape.Read more

20 Jul 2023

US-based investor Blackstone Group has outbid competitors GIC and Ontario Municipal Employees Retirement System to secure a 90% stake in the warehousing platform of ESR, an Asia-focused logistics company, in partnership with German investor Allianz. Sources report that Blackstone's bid stands at Rs 2,000 crore. Allianz is selling its 50% stake, while ESR will sell 40% and retain a 10% holding. The platform, established in 2018, comprises eight assets spanning 10.5 million square feet. Blackstone aims to expand its warehousing portfolio from 40 million square feet to 100 million square feet in the next few years.Read more

15 Jul 2023

LP Logiscience, the warehousing and contract logistics division of the Liladhar Pasoo Group, unveils a state-of-the-art Grade A warehouse in Bhiwandi, Mumbai. With a focus on sustainability, this green warehouse spans 15 acres and offers 500,000 square feet of storage space. It features advanced infrastructure including solar power generation, rainwater harvesting, and environmentally friendly transportation using electric and CNG vehicles. LP Logiscience aims to revolutionize the warehousing sector by providing efficient, technology-driven solutions while minimizing carbon footprint. The Bhiwandi warehouse marks a significant milestone in their commitment to sustainability and future plans for expansion.Read more

10 Jul 2023

Investcorp, a global investment manager, injects Rs 500 crore into NDR Warehousing, a leading Indian warehouse development platform. This follows Investcorp's previous investment of $55 million in NDR. With warehouses across 10 cities and 14 million square feet of operational assets, NDR aims to list part of its portfolio as an Infrastructure Trust. Investcorp's continued support reflects their confidence in NDR's market leadership and the potential of India's warehousing sector. The partnership aims to create a diversified warehousing platform. Investcorp's India Real Estate team has deployed over $350 million in various sectors, while their private equity ventures span consumer tech, healthcare, and more.Read more

20 Jun 2023

India's top 8 warehousing markets have experienced a historic surge in demand during the financial year 2022-23, reaching a record high of 51.3 million square feet (msf), according to Knight Frank India's report. With a compound annual growth rate (CAGR) of 24% from FY17-23, Mumbai, Bengaluru, and Kolkata stood out with exceptionally high transaction volumes. The increased demand can be attributed to the Third-party logistics (3PL), manufacturing, and retail sectors. While the 3PL and manufacturing sectors witnessed significant year-on-year growth of 34% and 23% respectively, the e-commerce sector saw a decline due to excess capacity built during the pandemic.Read more

PNT Reporter

15 Jun 2023

IndoSpace Core, India's leading logistics and industrial real estate vehicle, has successfully acquired the Amazon Fulfilment Centre located in Hyderabad, strengthening its nationwide presence. This marks IndoSpace's inaugural acquisition in the city, further solidifying its position in the market. The acquisition adds a substantial 0.8 million square feet to IndoSpace's portfolio, bringing their total advanced logistics and industrial infrastructure to an impressive 58 million square feet across 51 parks in India.Read more

PNT Reporter

15 Jun 2023

NDR Warehousing, a prominent player in the warehousing industry, has successfully acquired LSA Warehousing Private Limited, enhancing its presence in one of India's major consumption markets. The acquisition encompasses a sprawling 18-acre project strategically located along the Sohna-Balabgarh Road, strengthening NDR's foothold in the NCR region. This development signifies NDR's fourth venture in the area, with a specific focus on the thriving micro market of Sohna. The company aims to complete Phase I of the project within 6 to 8 months and deliver the entire project within a year.Read more