IndoSpace, renowned for its Grade A industrial real estate, has sealed a significant lease agreement with Kerry Indev Logistics Pvt. Ltd. The 3 lakh sq. ft. warehousing space, situated in Sri City, will exclusively support Mitsubishi Electric India's air conditioning operations. Kerry Indev Logistics, a leading 3PL services provider with a global presence, is headquartered in Chennai. The strategic location and world-class infrastructure of Sri City make it an ideal industrial ecosystem. IndoSpace boasts the largest national network of industrial and logistics facilities across India.
In a significant development for the Indian industrial real estate sector, IndoSpace, the country's largest developer and owner of Grade A industrial real estate and logistics parks, has recently leased 3 lakh sq. ft. of warehousing space to Kerry Indev Logistics Pvt. Ltd., one of India's leading integrated 3PL services providers. The state-of-the-art facility, located in Sri City, is exclusively built to support the operations of Mitsubishi Electric India's air conditioning business.
Kerry Indev Logistics, headquartered in Chennai and boasting a global presence spanning 59 countries and territories, has an established reputation as a reliable 3PL logistics provider, catering to key OEMs in the automotive and electronics manufacturing industries across India.
Sri City, renowned for its strategic location and world-class infrastructure, serves as the ideal industrial ecosystem for the logistics park. This prime location will undoubtedly enhance operational efficiency and enable Kerry Indev Logistics to meet and exceed customer expectations.
IndoSpace's achievement of having the largest national network of industrial and logistics facilities, with 51 parks spread across 11 cities and a staggering 58 million sq. ft. either delivered or under development, further cements its position as a leading player in the Indian industrial real estate market. With a strong focus on providing world-class facilities and fostering enduring partnerships, IndoSpace continues to play a pivotal role in shaping the country's industrial landscape.
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