26 Dec 2023

Welspun One, a major in industrial real estate, is set to invest Rs 700 crore in building a 1.2 million sq. ft. industrial and logistics hub within the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) near Mumbai. This strategic partnership with JNPA aims to create futuristic infrastructure leveraging their respective strengths. The project is financed through debt and equity. Welspun One is near JNPA Port, which handles 35% share of India's container cargo. The initiative reflects Welspun One's commitment to transforming India's trade landscape and socio-economic development, marking the second deployment from its Rs 2,000-crore Fund 2.Read more

23 Dec 2023

WSB Real Estate Partners, an alternative asset manager, plans to invest Rs 1,200 Crore in the Indian warehousing sector over the next two years, covering nearly 4 million sq ft. Engaging developers in major cities, the company is eyeing projects in Mumbai, Delhi-NCR, Chennai, and Bengaluru. Collaborating with Panattoni, WSB has invested Rs 110 crore in its first 16-acre warehousing park in Delhi-NCR, targeting completion by March 2025. With 3-4 deals in the pipeline (Rs 500-700 crore), WSB aims to solidify its real estate presence. With total assets currently over Rs 2,200 crore, WSB sees promising prospects in warehousing and logistics, citing strong infrastructure and favourable government policies.Read more

16 Dec 2023

The National Highways Authority of India (NHAI) has formalized an agreement with DC Multi Modal Park (Nagpur) to develop a Rs. 673 crore Multi-Modal Logistics Park (MMLP) in Nagpur, covering 150 acres. Aligned with the PM Gati Shakti National Master Plan, this project is a crucial component of the Bharatmala Project, aiming to enhance India's freight logistics sector. The strategic location, proximity to transportation hubs, and phased development approach underscore the significance of the Nagpur MMLP in fostering efficient multimodal connectivity and contributing to the broader vision of logistics infrastructure development in the country.Read more

08 Dec 2023

Panattoni, a prominent global industrial real estate developer, has announced its entry into the Indian market with the launch of its first project, Panattoni Park NH71, in Delhi NCR. The company is collaborating with an institutional investor and has committed an investment of INR 110 crores in the project's first phase. This marks the beginning of Panattoni's ambitious projects in India, with a total investment plan of 100 million euros over the next year. The Phase 1 launch covers 717,000 square feet and is strategically located along National Highway 352 in Delhi-NCR, close to major warehousing clusters and industrial hubs. The project underscores Panattoni's commitment to environmental, social, and governance (ESG) practices and its aim to contribute to India's industrial growth.Read more

25 Nov 2023

CBRE South Asia Pvt. Ltd reports that Kolkata's Industrial and Logistics (I&L) sector is poised for a 5-year high supply in 2023, reaching approximately 5.2 million sq. ft. The completion of pent-up projects in the city and its peripheries contributed to this surge. Kolkata's strategic location as an entry point to the east and access to land-locked countries enhances the I&L sector, with leasing expected to reach 3.5 million sq. ft. in 2023. The city's potential for industrial and commercial development is concentrated in NH-2, NH-6, and Taratala regions, particularly in Dankuni, Singur, and evolving areas like Uluberia.Read more

22 Nov 2023

In a move that promises to reshape the landscape of industrial and logistical infrastructure, TVS Industrial and Logistics Parks Pvt Limited (TVS ILP) has proudly unveiled a transformative strategic partnership with Lingotto, a distinguished investment management company under the esteemed Exor N.V. umbrella. This significant collaboration has been set into motion through a secondary stake sale, marking a pivotal moment in TVS ILP's journey towards excellence in the logistics sector.Read more

17 Nov 2023

In Q3 2023, India's industrial and logistics sector experienced robust growth, with 11.4 million sq. ft. absorption and 17.8 million sq. ft. supply. Tier I cities dominated absorption at 78%, driven by manufacturing, 3PL, and retail demand. Tier I cities supplied 79% of the total space, emphasizing the shift to grade A structures. This reflects the rising importance of Environmental, Health, and Safety (EHS) standards in warehousing. The manufacturing sector led absorption at 33%, supported by incentives, while 3PL closely followed at 32%. Delhi-NCR topped both supply (31%) and absorption (14%), reflecting the sector's dynamic landscape.Read more

15 Nov 2023

Knight Frank India has been designated as a Knowledge Partner for the sale of land parcels owned by the Central Warehousing Corporation (CWC), part of the Government of India's initiative. These parcels, located in 54 prime locations across India, cover an estimated total land area of approximately 572 acres. The CWC is monetizing and modernizing its warehouses as part of the National Monetisation plan, involving public-private partnerships under the Design Build Finance Operate and Transfer model. With a concession period of 45 years, the CWC has partnered with Knight Frank India to guide the monetization process and contribute to the nation's vision of reducing logistics costs.Read more

04 Nov 2023

Adani Logistics Ltd, a wholly owned subsidiary of the Adani Group, has acquired a 50% stake in Veracity Supply Chain Private Ltd (VSCPL) for Rs. 5 lakh. VSCPL, a newly incorporated entity with authorized and paid-up share capital of Rs 10,00,000, aims to offer last-mile connectivity to customers from in-land container depots through a digital transport management system. The acquisition signifies Adani's commitment to enhancing its logistics capabilities and expanding its presence in the supply chain sector, contributing to its comprehensive logistics infrastructure.Read more

03 Nov 2023

Reliance Industries Ltd (RIL) recently transferred Rs 5,150 crore to its warehouse Infrastructure Investment Trust (InvIT). This move allows RIL to monetize its warehousing and logistics assets through the InvIT. The funds raised will be utilized for further acquisitions in this domain. Reliance Retail, a subsidiary of RIL, is expanding aggressively and focusing on enhancing its backend infrastructure, including warehousing and logistics. As of September 30, 2023, Reliance Retail operated 18,650 stores covering 71.5 million square feet. This strategic financial step enables RIL to strengthen its position in the retail market while capitalizing on its logistical assets.Read more