Mirae Asset secures Rs 175 crore deal for second warehousing property
Global asset management firm Mirae Asset has continued its strategic investments in India's logistics and industrial real estate by acquiring an income-producing warehousing property in Bhiwandi near Mumbai. Mirae Asset Investment Managers (India) made the purchase through the Mirae Asset Credit Opportunities Fund, securing a logistics facility in BGR Logistics Park spanning 11 acres with over 5 lakh sq ft of leasable space. This marks Mirae Asset's second transaction in Bhiwandi within six months, bringing its total investment in the area to over Rs 300 crore....
EPACK Prefab, India's leading pre-engineering structure manufacturer, has achieved a significant milestone by successfully constructing 10 million square feet of industrial and warehouse buildings, valued at INR 700 crores. This accomplishment highlights the company's expertise and the booming potential of India's industrial warehouse sector. Sanjay Singhania, Managing Director of EPACK Prefab, attributes this growth to the "Make in India" campaign and increased manufacturing demand, particularly in tier 2 and tier 3 cities. With streamlined prefabricated structures, the company has gained projects from major players like Coca-Cola and more, facilitating rapid expansion in the retail and e-commerce sectors....
Prakhhyat Group and MSREI to launch innovative logistics park in Bhiwandi, Mumbai
Mumbai-based industrial and logistics real estate developer, Prakhhyat Group, has joined forces with Morgan Stanley Real Estate Investing (MSREI) in a strategic collaboration to construct a cutting-edge Class A warehousing complex near Mumbai spanning 0.7 million sq. ft. The venture, in which MSREI will hold a 95% stake, is projected to attract an investment ranging between INR 300-350 crore. This initiative marks MSREI's inaugural foray into Mumbai's Bhiwandi sub-market. The 25-acre K Square Logistics Park will feature state-of-the-art facilities catering to diverse sectors such as e-commerce, third-party logistics, FMCG, and FMCD....
Reliance Retail Ventures is in the process of raising Rs 3,048 crore for an InvIT focused on warehouses
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....
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....
Lucknow is emerging as the biggest logistics hub in northern India
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....
Prozo extends nationwide presence with three new warehouses in Bengaluru and Ludhiana
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....
Blackstone Group emerges as leading bidder for ESR and Allainz
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....
LP Logiscience unveils environmentally-friendly Grade A warehouse in Mumbai
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....
Investcorp boosts NDR Warehousing with Rs 500 crore follow-on investment
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....
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