JSW Infrastructure to invest Rs 13,000 crores to double cargo handling capacity
JSW Infrastructure, a subsidiary of the JSW Group, plans to invest Rs 13,000 crores over the next seven years to double its cargo handling capacity to 300 million tonnes. The expansion will be funded through internal accruals and free cash flows. JSW Infrastructure has grown significantly over the past two decades, with an average annual growth rate of 22%. They have diversified into third-party businesses and are exploring opportunities in container and liquid terminals, container freight stations, and inland container depots. The company is actively participating in port privatization initiatives and aims to enhance last-mile connectivity and value-added services for customers in the logistics industry....
Indian warehousing sector surpasses 163 million sq. ft. in Grade-A stock in H1 2023
Real estate experts anticipate a promising trajectory for warehousing in India, fuelled by the expansion of E-commerce giants and the influx of global brands into the market. Projections suggest that warehouse stock is set to soar, with expectations of reaching a staggering 500 million square feet (msf) in the next five years. This growth reflects the evolving landscape of the Indian logistics and storage sector, driven by the demands of an increasingly digital and globalized economy. The warehousing sector's rise is poised to meet the burgeoning needs of supply chains and distribution networks, reshaping the country's commercial real estate landscape....
ESR acquires 57-acre land for a logistics park in Odisha
ESR Group Limited has acquired 57 acres of land in Cuttack, committing approximately Rs 360 crore for the development of ESR Cuttack Logistics Park, an institutional-grade facility. This strategic move strengthens ESR's presence in Odisha, addressing the rising demand for logistics facilities in the region. The park, situated in North Cuttack, complements the economic growth of Odisha's twin cities, Cuttack and Bhubaneswar. ESR India aims to revolutionize warehousing by integrating green building features and digital management tools. With a significant development portfolio and achievements, ESR continues to lead in APAC's industrial and logistics real estate sectors....
DP World unveils sprawling 380,000 sq. ft. warehouse in Bhiwandi, Maharashtra
DP World has expanded its presence in India with a new 380,000-square-foot warehouse in Bhiwandi, Maharashtra. The facility, operational since September 1, 2023, can store both chemicals and non-chemicals, increasing DP World's Indian warehousing capacity to over 5 million square feet. The warehouse is divided into sections for hazardous chemicals and non-chemical storage, with advanced safety features, including temperature-controlled zones and fireproof partitions. Sustainability measures, such as a solar system, are also incorporated. This facility is expected to benefit various sectors, including agriculture, pharmaceuticals, electric vehicles, and chemical trading, and strengthen Bhiwandi's position as a warehousing hub....
LP LogiScience set to expand growth in Delhi-NCR Region
LP Logiscience, the warehousing and contract logistics division of the renowned Liladhar Pasoo legacy brand, is embarking on a significant expansion in the Delhi NCR region. The move comes amidst a booming Indian warehousing sector, with LP Logiscience already operating a Grade A compliant, multi-user warehouse in Noida-Ghaziabad. They currently serve top clients in the specialty chemicals sector, leveraging specialized licenses like CTE and Fire NOC. LP Logiscience aims to double its growth in the next two years, capitalizing on a surge in warehousing transactions, reduced vacancy rates, and a shift towards third-party logistics providers in FY 2023....
Welspun One Logistics Parks to invest Rs.600 crores in state-of-the-art Mumbai warehousing facility
Welspun One Logistics Parks (WOLP) plans to invest over Rs.600 crore in developing a Grade-A, in-city warehousing facility near Mumbai. This investment is through their Welspun One Logistics Parks Fund 2, which has already secured Rs.1,500 crore out of a Rs.2,000 crore target. The 6 lakh sq ft facility, situated on a 3.25-acre land parcel in Thane's Wagle Industrial Estate, will support urban last-mile delivery and cater to the surging demand for in-city warehousing driven by e-commerce and quick commerce services. WOLP aims to create a portfolio of 16-18 million sq ft across tier 1 and 2 cities, with an overall investment of over Rs.8,000 crore....
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....
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