Mahindra logistics Q1 FY25: Contract logistics grows 9%, freight forwarding up by 12%
PNT Bureau
Mahindra Logistics Ltd. (MLL) announced its Q1 FY25 results, showing resilience in a moderate demand environment. The Contract Logistics segment saw a 9% year-on-year revenue increase, reaching INR 1,045 crore. The Freight Forwarding business experienced a 12% growth from the previous quarter, driven by inbound ocean cargo demand. The Express business posted a 2% revenue rise, reaching INR 210 crore, with a 16% reduction in losses. MLL's joint venture with Japan's Seino Holdings Ltd. and a new warehouse in Guwahati highlight its strategic expansions. Despite challenges like higher start-up costs and manpower expenses, CEO Rampraveen Swaminathan remains optimistic about the year's outlook....
Aldar and DP World to develop a Grade A logistics park in Dubai
PNT Bureau
Aldar Properties has partnered with DP World to fund and develop a 1.55 million square feet Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai. This strategic agreement aligns with Aldar's AED 1 billion investment plan to expand its logistics real estate business in Abu Dhabi and Dubai. The park will feature LEED-certified modular buildings for 3PL, eCommerce, and retail tenants. Construction starts in Q4 2024, with completion in Q4 2025. This collaboration enhances logistics capabilities, supporting business growth and diversification in Dubai's logistics sector, and underscores Aldar and DP World's commitment to innovative logistics solutions....
Panattoni begins construction on INR 200 crore Logistics park in Haryana
PNT Bureau
Global logistics giant Panattoni has officially started its first project in India with the groundbreaking of Panattoni Park NH71 in Haryana. Located on National Highway 352, the 66,000 sqm park will feature over 32,000 sqm of warehousing space designed to high industry standards, including 100% wastewater recycling and ample green cover. This INR 200 crore investment signifies Panattoni's commitment to India, aligning with the country's growing demand for modern logistics solutions. The park's strategic location near major industrial hubs like Luhari and Farrukhnagar will streamline logistics operations and generate significant local employment opportunities....
India's warehousing sector faces land acquisition roadblocks amid rising demand
PNT Bureau
India's warehousing sector, crucial for economic expansion, faces a hurdle in land acquisition. As demand surges amid rapid economic growth, complexities in acquiring land due to fragmented ownership structures and lengthy approval processes slow development. Global interest, like Panattoni's USD 100 million annual investment plan, underscores market potential, yet initial delays near Delhi highlight challenges. Streamlining land acquisition is vital; simplifying procedures, enhancing data transparency on ownership, and offering incentives can optimise development. Despite obstacles, commitment from firms like Panattoni and expansions by Blackstone and Prologis signal optimism, advocating for collaborative efforts to unlock India's warehousing sector's full potential....
Welspun One raises INR 2,275 crore for modern warehousing expansion
PNT Bureau
Welspun One, a key player in India's warehousing sector, has secured a landmark INR 2,275 crore (USD 281 million) for its second fund, highlighting robust investor interest. Focused on "new-age" warehousing solutions, the company targets high-growth segments like urban distribution centres, cold storage facilities, and logistics hubs near ports and airports. These initiatives cater to the surging demand fueled by e-commerce and efficient supply chain requirements. With plans to develop 8 million square feet, expanding their portfolio to 18 million square feet, Welspun One aims to enhance delivery efficiency and support India's economic growth through strategic infrastructure investments....
NES to build 5 MW data centre in Pune, plans 100 MW expansion across India
PNT Bureau
Natural Environment Solutions (NES) is set to establish a cutting-edge 5-megawatt data centre in Pune's Hinjewadi, marking a significant investment in the city's digital infrastructure. NES plans to scale up to over 100 MW capacity across India within three years, reflecting the nation's rapidly expanding digital landscape. India's data centre market, projected to reach USD 4.7 billion by 2024, is driven by increasing internet penetration and cloud computing adoption. NES aims to revolutionise data centres with a focus on efficiency, sustainability, and security, aligning with India's goals for renewable energy and advanced digital solutions....
A.P. Moller Capital vies for a majority stake in Pristine Logistics
PNT Bureau
Pristine Logistics & Infraprojects, a prominent Indian logistics company, has caught the attention of global investment firms. Global Infrastructure Partners (GIP), backed by BlackRock, holds a 57% stake in Pristine and is looking to exit. A.P. Moller Capital has emerged as the frontrunner to acquire this majority stake for around USD 500 million, reflecting confidence in Pristine's growth potential. Other entities, including Midrail LLC and an EQT-Temasek joint venture, are also vying for the stake. Founded in 2008, Pristine has rapidly expanded, operating logistics parks and owning substantial assets. The company has been consolidating the industry, acquiring firms like Sical Logistics. Pristine's planned IPO was shelved as global investors showed interest. The Indian logistics sector's appeal has driven this investor interest in Pristine, positioning it as a key player in the evolving...
CJ Darcl logistics expands in Bangalore with 125,000 sq ft lease at IndoSpace
PNT Bureau
Bangalore's logistics sector gets a boost as CJ Darcl Logistics leases 125,000 sq ft of warehousing space from IndoSpace. The nine-year agreement, located in IndoSpace's Narasapura Industrial and Logistics Park, strategically enhances CJ Darcl's operational capabilities. This partnership leverages IndoSpace's extensive network across 11 cities, offering CJ Darcl access to efficient logistics infrastructure crucial for expanding their Warehousing and Distribution (W&D) services. The move underscores Bangalore's role as a key logistics hub in India, supporting economic growth and meeting growing demand for high-quality logistics solutions amid rising e-commerce activity....
India's warehousing sector is projected rise to 300 million sq. ft. by 2025
PNT Bureau
A new report by CREDAI and CRE Matrix forecasts robust growth in India's Grade A warehousing sector, projecting national stock to reach 300 million square feet (msf) by 2025, up from the current 216.2 msf. The surge is driven by the expanding industrial base, increasing manufacturing needs, and booming e-commerce, which requires efficient storage for nationwide order fulfilment. Rental prices for Grade A warehouses have risen by 5% in Q1 2024, with a healthy absorption-to-supply ratio indicating swift leasing and minimal vacancies. Pune and NCR lead demand, contributing 45% of Grade A space needs, with Mumbai Metropolitan Region and NCR combining for 53%. The report underscores government policies supporting the sector, including infrastructure status for logistics, GST implementation, and 100% FDI in warehousing, creating an attractive investment environment. With an anticipated 83.8 ms...
ESR Group expands presence in Tamil Nadu with INR 276 crore investment
PNT Bureau
ESR Group, a leading Asia-Pacific real estate developer, has acquired an additional 27 acres of land in Oragadam, Chennai, augmenting its existing industrial and logistics park to 107 acres. This expansion enables the development of an additional 2.5 million square feet of warehousing and industrial space, totaling an investment of over INR 276 crore (USD 33 million). Positioned strategically within the Oragadam-Sriperumbudur industrial cluster, the park aims to bolster Tamil Nadu's industrial landscape. ESR's commitment extends beyond infrastructure to creating a sustainable ecosystem, integrating green building practices to support environmental stewardship and enhance operational efficiencies for businesses in the region....
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