Allcargo Group's subsidiary, Transindia Real Estate (TREL), is set to sell its logistics park in Jhajjar, Haryana, for INR 636.71 crore, aiming to eliminate debt. The divestment includes a 10% stake in various logistics and industrial parks, yielding INR 433.37 crore in cash proceeds. The move aligns with TREL's strategy to focus on infrastructure development and expand operations, evidenced by ongoing projects in Karnataka and potential ventures in Tamil Nadu and Uttar Pradesh. TREL's commitment to quality, innovation, and sustainability is underscored by its track record in managing 5.05 million sq ft of industrial and logistics parks across India.
Transindia Real Estate (TREL), a part of Allcargo Group, has finalised the sale of its logistics park in Jhajjar, Haryana, for approximately INR 636.71 crore. This strategic divestment allows TREL to unlock significant value while remaining debt-free, demonstrating its commitment to financial responsibility.
In addition to the Jhajjar logistics park, TREL has successfully divested its 10% stake in various entities including Malur Logistics & Industrial Parks, Venkatapura Logistics & Industrial Parks, Kalina Warehousing, Panvel Warehousing, and Allcargo Logistics & Industrial Park. This divestment has yielded an equity consideration of nearly INR 4.55 crore, contributing to TREL's cash proceeds of over INR 433.37 crore.
With this influx of capital, TREL is meant to fuel its growth initiatives and expand its operational footprint across multiple locations. The company's focus remains on driving logistics infrastructure development, capitalising on emerging opportunities, and constructing world-class industrial and logistics parks. Shashi Kiran Shetty, the Founder and Chairman of Allcargo Group, emphasises the pivotal role of logistics infrastructure in fostering economic growth, aligning with the government's initiatives for enhanced connectivity.
TREL's portfolio comprises 5.05 million sq ft of industrial and logistics parks strategically located across key regions such as JNPT in Maharashtra, Farukh Nagar in Haryana, Malur in Karnataka, Patancheru in Telangana, Hosur in Tamil Nadu, and Verna in Goa. These assets cater to major micro-markets, providing essential infrastructure support to industries and businesses in Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, and Goa.
The company's proven track record in developing and managing industrial and logistics parks shows its commitment to excellence. TREL's approach of attracting major clients and seamlessly transitioning to asset sales demonstrates a strategic vision focused on maximising returns while ensuring sustained growth and success in the real estate development landscape.
TREL is currently focused on expanding its presence by developing Grade A warehousing space in Malur, Karnataka, and exploring potential opportunities in Tamil Nadu and Uttar Pradesh. The company's advanced logistics infrastructure prioritises environmental sustainability, incorporating environment-friendly technology and green energy solutions to reduce carbon footprint and minimise environmental impact, in alignment with Allcargo Group's overarching vision.
In summary, TREL's recent divestment and strategic initiatives position the company for continued growth and success in the dynamic logistics and real estate sectors, reinforcing its leadership in delivering unparalleled value and setting new benchmarks in infrastructure development.
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