20 Jul 2023

US-based investor Blackstone Group has outbid competitors GIC and Ontario Municipal Employees Retirement System to secure a 90% stake in the warehousing platform of ESR, an Asia-focused logistics company, in partnership with German investor Allianz. Sources report that Blackstone's bid stands at Rs 2,000 crore. Allianz is selling its 50% stake, while ESR will sell 40% and retain a 10% holding. The platform, established in 2018, comprises eight assets spanning 10.5 million square feet. Blackstone aims to expand its warehousing portfolio from 40 million square feet to 100 million square feet in the next few years.Read more

15 Jul 2023

LP Logiscience, the warehousing and contract logistics division of the Liladhar Pasoo Group, unveils a state-of-the-art Grade A warehouse in Bhiwandi, Mumbai. With a focus on sustainability, this green warehouse spans 15 acres and offers 500,000 square feet of storage space. It features advanced infrastructure including solar power generation, rainwater harvesting, and environmentally friendly transportation using electric and CNG vehicles. LP Logiscience aims to revolutionize the warehousing sector by providing efficient, technology-driven solutions while minimizing carbon footprint. The Bhiwandi warehouse marks a significant milestone in their commitment to sustainability and future plans for expansion.Read more

10 Jul 2023

Investcorp, a global investment manager, injects Rs 500 crore into NDR Warehousing, a leading Indian warehouse development platform. This follows Investcorp's previous investment of $55 million in NDR. With warehouses across 10 cities and 14 million square feet of operational assets, NDR aims to list part of its portfolio as an Infrastructure Trust. Investcorp's continued support reflects their confidence in NDR's market leadership and the potential of India's warehousing sector. The partnership aims to create a diversified warehousing platform. Investcorp's India Real Estate team has deployed over $350 million in various sectors, while their private equity ventures span consumer tech, healthcare, and more.Read more

20 Jun 2023

India's top 8 warehousing markets have experienced a historic surge in demand during the financial year 2022-23, reaching a record high of 51.3 million square feet (msf), according to Knight Frank India's report. With a compound annual growth rate (CAGR) of 24% from FY17-23, Mumbai, Bengaluru, and Kolkata stood out with exceptionally high transaction volumes. The increased demand can be attributed to the Third-party logistics (3PL), manufacturing, and retail sectors. While the 3PL and manufacturing sectors witnessed significant year-on-year growth of 34% and 23% respectively, the e-commerce sector saw a decline due to excess capacity built during the pandemic.Read more

PNT Reporter

15 Jun 2023

IndoSpace Core, India's leading logistics and industrial real estate vehicle, has successfully acquired the Amazon Fulfilment Centre located in Hyderabad, strengthening its nationwide presence. This marks IndoSpace's inaugural acquisition in the city, further solidifying its position in the market. The acquisition adds a substantial 0.8 million square feet to IndoSpace's portfolio, bringing their total advanced logistics and industrial infrastructure to an impressive 58 million square feet across 51 parks in India.Read more

PNT Reporter

15 Jun 2023

NDR Warehousing, a prominent player in the warehousing industry, has successfully acquired LSA Warehousing Private Limited, enhancing its presence in one of India's major consumption markets. The acquisition encompasses a sprawling 18-acre project strategically located along the Sohna-Balabgarh Road, strengthening NDR's foothold in the NCR region. This development signifies NDR's fourth venture in the area, with a specific focus on the thriving micro market of Sohna. The company aims to complete Phase I of the project within 6 to 8 months and deliver the entire project within a year.Read more

14 Jun 2023

Investment in premium warehousing parks is set to surge in Bengaluru to meet the rising demand for storage space from e-commerce and logistics companies, according to a white paper by India Sotheby's International Realty and CRE Matrix. Over the past five years, the demand for warehouse space has outpaced supply, leading to low vacancy rates and rental growth. Data from CRE Matrix reveals that Bengaluru absorbed 16.34 million square feet of warehousing space from 2018 to 2022, while new supply amounted to 10.5 million square feet.Read more

PNT Reporter

12 Jun 2023

Stellar Value Chain Solutions, a prominent supply chain management company, has expanded its warehousing capacity by adding 1.5 million sq. ft. in Bhiwandi and 0.5 million sq. ft. in Banur. This move aims to support the company's pan-India supply chain operations for a consumer durable giant. Stellar has taken over Central Distribution Centre Operations and two regional Distribution Centres, increasing its total warehousing capacity to 16 million sq. ft. To facilitate further growth, Stellar is seeking primary capital funding, planning to roll out 5 million sq. ft. of warehousing operations annually and develop 10 million sq. ft. of logistics space through RFQs.Read more

01 Jun 2023

LOGOS, a prominent logistics real estate company in the Asia Pacific region, has joined forces with Ivanhoe Cambridge, its venture partner, to purchase a substantial 77-acre industrial land parcel located in Pune's Chakan industrial area. The objective behind this acquisition is to establish a sprawling logistics park within the region. The park's development aims to cater to the increasing demand for efficient and extensive logistics facilities in Pune, an industrial hub. This strategic move by LOGOS and Ivanhoe Cambridge highlights their commitment to expanding their presence in the logistics sector.Read more

23 May 2023

Welspun One Logistics Parks (WOLP) has raised INR 500 crores for its second Alternative Investment Fund (AIF), WOLP Fund 2, within just eight weeks. WOLP Fund 2, launched in March 2023, aims to gather a total corpus of INR 2,000 crores, including a green shoe option of INR 1,000 crores, to invest in projects worth over INR 6,000 crores. Welspun One's first fund, introduced in early 2021, has been fully committed across a portfolio of 6 projects, delivering impressive results.Read more