14 Jun 2023

Investment in premium warehousing parks is set to surge in Bengaluru to meet the rising demand for storage space from e-commerce and logistics companies, according to a white paper by India Sotheby's International Realty and CRE Matrix. Over the past five years, the demand for warehouse space has outpaced supply, leading to low vacancy rates and rental growth. Data from CRE Matrix reveals that Bengaluru absorbed 16.34 million square feet of warehousing space from 2018 to 2022, while new supply amounted to 10.5 million square feet.Read more

PNT Reporter

12 Jun 2023

Stellar Value Chain Solutions, a prominent supply chain management company, has expanded its warehousing capacity by adding 1.5 million sq. ft. in Bhiwandi and 0.5 million sq. ft. in Banur. This move aims to support the company's pan-India supply chain operations for a consumer durable giant. Stellar has taken over Central Distribution Centre Operations and two regional Distribution Centres, increasing its total warehousing capacity to 16 million sq. ft. To facilitate further growth, Stellar is seeking primary capital funding, planning to roll out 5 million sq. ft. of warehousing operations annually and develop 10 million sq. ft. of logistics space through RFQs.Read more

01 Jun 2023

LOGOS, a prominent logistics real estate company in the Asia Pacific region, has joined forces with Ivanhoe Cambridge, its venture partner, to purchase a substantial 77-acre industrial land parcel located in Pune's Chakan industrial area. The objective behind this acquisition is to establish a sprawling logistics park within the region. The park's development aims to cater to the increasing demand for efficient and extensive logistics facilities in Pune, an industrial hub. This strategic move by LOGOS and Ivanhoe Cambridge highlights their commitment to expanding their presence in the logistics sector.Read more

23 May 2023

Welspun One Logistics Parks (WOLP) has raised INR 500 crores for its second Alternative Investment Fund (AIF), WOLP Fund 2, within just eight weeks. WOLP Fund 2, launched in March 2023, aims to gather a total corpus of INR 2,000 crores, including a green shoe option of INR 1,000 crores, to invest in projects worth over INR 6,000 crores. Welspun One's first fund, introduced in early 2021, has been fully committed across a portfolio of 6 projects, delivering impressive results.Read more

PNT Reporter

09 May 2023

A Colliers report reveals an 11% YoY surge in industrial warehousing leasing to 7.2 million sq ft across India's top five cities in Q4 FY23, largely driven by third-party logistics firms. Demand from retail and FMCG sectors also tripled YoY. Despite the demand surge, supply fell 8% YoY due to increased raw material and logistics costs. With vacancy rates dropping and rental prices rising, the sector shows resilience amidst challenges.Read more

07 Mar 2023

Pragati Group has raised $200 million in a funding round led by Singapore-based sovereign wealth fund GIC. The funds will be used to expand Pragati's warehousing portfolio across key markets in India, including Delhi-NCR, Mumbai, Pune, Chennai, and Bangalore. Pragati One & Pragati Farukhnagar Logistics Parks were purchased as part of the deal enabling the successful exit of the former financial partner Morgan Stanley. This fund also received an equity investment in Pragati as part of the agreement.Read more

03 Feb 2023

In 2022, there was an 8% year-on-year increase in demand for industrial and warehousing space, totalling 24.5 million square feet across India's top 5 cities. The average quarterly leasing was strong, reaching 6.1 million square feet, up from 5.7 million square feet in 2021. Third-party logistics companies were the biggest occupiers of warehousing space, making up 44% of total demand in the sector. The growing consumer demand has led to more leasing by 3PLs, e-commerce, and retail companies. Meanwhile, there has been a rise in demand for space from engineering firms as well. Positive market sentiment is expected to continue.Read more

26 Jan 2023

Mirae Asset Global Investments has acquired a logistics centre near Mumbai for $15.9m in an effort to expand its portfolio in India. The acquisition came as demand for logistics centres is surging rapidly due to the fast-paced growth in e-commerce and India's rapid economic growth. The company plans to expand its investment in the logistics business in major Indian hubs, including Mumbai, in the future and is also exploring more investment opportunities in logistics and data centres in major cities across India. Mirae Asset Global Investments, a South Korean asset management company, has made a strategic move to expand its portfolio in one of the world's fastest growing economies, by acquiring a logistics centre near Mumbai. The Indian unit of the company, Mirae Asset Global Investments India, recently purchased a 100% stake in the Bhiwandi logistics centre from Indian company K-Square Park for around $15.9 million.Read more

27 Dec 2022

The Government of India is gearing up to develop around 35 Multi-Modal Logistics Parks (MMLP) across the country at a total capital cost of Rs 50000 crores. The project is being headed by The National Highways Logistics Management Ltd, a subsidiary of The National Highways Authority of India. Of the 35 projects in the pipeline,15 will be awarded in the next three years. Work has already begun for the development of one such park in Chennai, the tender for which was awarded to Reliance Industries (RIL). This will be followed by parks in Indore, Nagpur, Bangalore, Coimbatore, Hyderabad, Pune and Anantapur. The development of the latter will commence by the end of the next fiscal year. The development of MMLP is part of the Bharatmala Pariyojna program of 2017.Read more

05 Dec 2022

In what is being construed as one of the largest warehousing deals in northern India, Blackstone has reportedly paid a sum of Rs 700 crores to Vertical Housing for their warehousing assets in Jhajjar, Haryana. The asset comprises of both operational assets and strategically located land plots that lay the foundation for potential future growth. Approximately 1.5 million square feet of the assets acquired are currently leased and functional. During the first half of 2022, the I&L industry attracted around $144 million in greenfield and brownfield assets from international and domestic firms.Read more