Warehousing & Logistics

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CWC appoints Knight Frank India as knowledge partner for land parcel monetization

Knight Frank India has been designated as a Knowledge Partner for the sale of land parcels owned by the Central Warehousing Corporation (CWC), part of the Government of India's initiative. These parcels, located in 54 prime locations across India, cover an estimated total land area of approximately 572 acres. The CWC is monetizing and modernizing its warehouses as part of the National Monetisation plan, involving public-private partnerships under the Design Build Finance Operate and Transfer model. With a concession period of 45 years, the CWC has partnered with Knight Frank India to guide the monetization process and contribute to the nation's vision of reducing logistics costs....

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Adani Logistics acquires VSCPL

Adani Logistics Ltd, a wholly owned subsidiary of the Adani Group, has acquired a 50% stake in Veracity Supply Chain Private Ltd (VSCPL) for Rs. 5 lakh. VSCPL, a newly incorporated entity with authorized and paid-up share capital of Rs 10,00,000, aims to offer last-mile connectivity to customers from in-land container depots through a digital transport management system. The acquisition signifies Adani's commitment to enhancing its logistics capabilities and expanding its presence in the supply chain sector, contributing to its comprehensive logistics infrastructure....

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Reliance Retail bolsters backend assets with Rs 5,150 crore investment

Reliance Industries Ltd (RIL) recently transferred Rs 5,150 crore to its warehouse Infrastructure Investment Trust (InvIT). This move allows RIL to monetize its warehousing and logistics assets through the InvIT. The funds raised will be utilized for further acquisitions in this domain. Reliance Retail, a subsidiary of RIL, is expanding aggressively and focusing on enhancing its backend infrastructure, including warehousing and logistics. As of September 30, 2023, Reliance Retail operated 18,650 stores covering 71.5 million square feet. This strategic financial step enables RIL to strengthen its position in the retail market while capitalizing on its logistical assets....

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Warehouse leasing in top Indian cities sees 12% dip in Q3 2023

Leasing of industrial and warehouse spaces in India's premier cities declined by 12% in Q3 2023, with a total of 6.2 million square feet leased, as per a Colliers report. While Pune dominated with a 24% share, Mumbai closely followed at 23%. Third-party logistics firms (3PLs) maintained their lead in the sector, contributing to 40% of the warehousing demand, followed by FMCG and automobiles. In terms of these substantial deals, Mumbai stood first, followed by Chennai. Despite the current dip, experts anticipate a resurgence in leasing activity in the final quarter of 2023....

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ESR Group unveils 1.4m sq ft logistics park project in Nagpur

ESR Group, a major player in real estate services and investments, is embarking on an ambitious project to build a massive 1.4 million square foot logistics park in Nagpur, India. With an investment exceeding 2400 crore, this Hong Kong Stock Exchange-listed company is expanding its footprint with ESR Nagpur Logistics Park 2, its twentieth project in India. The park is designed to house ten distinct buildings, catering to various tenant requirements across sectors like e-commerce, third-party logistics (3PL), retail, and fast-moving consumer goods (FMCG). ESR's commitment to investment in Nagpur is evident from the success of its first logistics park in the city, ESR Nagpur Logistics Park 1, which has been fully occupied since its completion in 2020....

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India hosts the world's largest intralogistics exhibition LogiMAT

LogiMAT India 2024, set from February 28 to March 1 at India Expo Mart, is a pivotal event in India's logistics sector. Focused on intralogistics, transportation management, and automation, it aligns with national initiatives like the National Logistics Policy and GatiShakti. The event features innovative warehousing solutions, autonomous vehicles, RFID technology, and provides networking opportunities and expert-led seminars. Participating businesses benefit from brand exposure, industry insights, and valuable connections, making LogiMAT India 2024 a transformative platform shaping the future of logistics in India....

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Shakuntalam Landcraft to invest Rs 1,500 crore in industrial park project in Greater Noida

Shakuntalam Landcraft, a real estate firm, plans to invest Rs 1,500 crore to develop an industrial park on a 204-acre plot in Surajpur, Greater Noida, formerly occupied by Daewoo Motors. This project is expected to accommodate over 600 micro, small, and medium-sized enterprises (MSMEs) and create approximately 25,000 jobs. Director Pallavi Gupta revealed that these MSMEs are estimated to generate goods worth Rs 50,000 crore. The plot had a history of failed auctions before Shakuntalam Landcraft’s acquisition, and Gupta acknowledged the government’s and debt recovery tribunal courts’ role in revitalizing the dormant asset after 22 years....

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Apeejay Real Estate eyes Rs 400-500 crore Funding for logistics park expansion

Apeejay Real Estate is in talks with potential investors to secure funds ranging from Rs 400 crore to Rs 500 crore for expanding its logistics park operations. The company plans to utilize these funds primarily for acquiring land for warehouse development. The investment is expected to grant the new investor ownership of around 35-40 percent of the logistics park platform. Apeejay aims to expand its warehouse operations from 3 million square feet to 10 million square feet in the next 3-5 years. The company has identified potential land plots in various locations, and it manages logistics parks in four areas, with plans for expansion and diversification within the logistics sector....

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Retail segment's share in India's warehousing demand surges

According to a report by CBRE, India's retail sector has become a significant driver of warehousing demand, increasing from 8% in 2019 to 13% in 2022. In H1 2023, the retail segment accounted for 9% of warehousing demand. E-commerce, FMCG, and retail collectively represented 27% of total demand from 2019 to H1 2023. Hypermarkets (51%) and fashion and apparel (32%) dominated warehousing demand within the retail segment. CBRE expects the retail sector to strengthen in H2 2023. The report also highlighted growth projections, emphasizing temperature-controlled storage and automated FIFO methods to minimize wastage and meet evolving consumer needs....

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Indian cities shine in APAC logistics market with strong rental growth

The Asia-Pacific logistics market showed robust growth of 10.4% in H1 2023, driven by rising rents in 15 out of 17 tracked cities. Key Indian cities like Bengaluru, Delhi-NCR, and Mumbai secured top positions in the APAC markets for warehousing rent growth. Demand remained strong, with e-commerce, 3PL entities, and manufacturers contributing to the upswing. In Southeast Asia, Manila led with a remarkable 49.3% YoY rental growth. Australasia experienced rental growth due to limited availability. The report anticipates an e-commerce sector recovery as excess capacities are absorbed. Bengaluru, Delhi-NCR, and Mumbai's strong performance underscores their significance in the regional warehousing landscape....