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Blackstone Group has acquired 5 million sq. ft of leased warehousing assets from LOGOS India for INR 1,725 crore, strengthening its position as India's largest logistics property owner with a 55 million sq. ft portfolio. The assets, located in Chennai and Luhari, Haryana, have over 95% occupancy and generate INR 125 crore annually in rental income. Tenants include Mahindra Logistics, Delhivery, and HealthKart. This acquisition, driven by India's robust infrastructure growth, aligns with initiatives like 'Make in India' and PLI schemes, reflecting the rising demand for Grade-A logistics assets and reinforcing the country's supply chain expansion.Read more
Alta Capital, the Indian partner of Singapore-based Hillhouse Investments, has acquired a 2.5 million square foot leased warehousing portfolio from IndoSpace for approximately USD 100 million. IndoSpace, India's largest industrial and logistics real estate operator, owns over 58 million square feet across 11 cities, backed by global investors like Everstone and CPPIB. The acquired assets, located in Pune and Sri City, cater to blue-chip tenants in manufacturing, e-commerce, and 3PL sectors. This deal, Alta Capital's second core investment in the sector, highlights growing global interest in India's logistics market and aims to expand Alta's portfolio to over 11 million square feet.Read more
Macrotech Developers has entered into a share purchase agreement with Phoenix Logistics and Industrial Parks to acquire the entire 100% stake in Janus Logistics and Industrial Parks (JLIPPL) for a total of INR 47.94 crore. This move will make JLIPPL a wholly-owned subsidiary of Macrotech Developers. The acquisition is part of the company's strategy to focus on digital infrastructure, particularly in industrial and logistics sectors. JLIPPL is known for its involvement in the construction and development of warehousing and logistics assets.Read more
Mumbai will host India's largest single-location Grade A warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) SEZ in Navi Mumbai. The park spans 4.45 million square feet, featuring 3.95 million square feet of warehousing, 0.25 million square feet each for offices and industrial space, and parking for over 600 trucks. Strategically located near JNPA, highways, and the upcoming Navi Mumbai Airport, it will benefit businesses in sectors like chemicals, FMCG, and pharmaceuticals. Offering GST exemptions and logistical cost savings of up to 15%, the facility aims to enhance port efficiency, support exports, and create over 5,000 jobs.Read more
The manufacturing sector has outperformed the traditional 3PL leader in warehouse leasing in India, signalling a significant industry shift, according to Knight Frank India's report. With 14.65 million sq. ft transacted in Q3 2024 and a 20% YoY growth, the sector's robust leasing volume-driven by automotive, energy, and chemical industries-highlights India's appeal as a decentralized manufacturing hub. Pune led market activity, while rental growth was fuelled by limited supply and increasing demand. Retail and e-commerce sectors also exhibited remarkable growth, broadening the warehousing market's base.Read more
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TVS Industrial & Logistics Parks (TVS ILP) has entered eastern India with a 1.40 lakh sq ft grade A industrial facility in Siliguri, West Bengal. Situated on a 5.66-acre plot in Fulbari, the facility caters to rising demand for strategic supply chain solutions and cross-border trade, leveraging Siliguri's role as the 'Gateway of North-East India.' The site, hosting a major e-commerce player and offering build-to-suit options, aligns with TVS ILP's focus on tier-II and tier-III markets. With an existing project in Odisha and plans for Guwahati, TVS ILP operates in over 13 cities and aims to expand further annually.Read more
Mahindra World City Developers (MWCDL), a subsidiary of Mahindra Lifespace Developers (MLDL), has partnered with Sumitomo Corporation and Mahindra Industrial Park Chennai (MIPCL) to expand the existing industrial park in Tamil Nadu. The project, branded as 'Origins by Mahindra,' will see an investment of approximately INR 225 crore from the joint venture partners. This expansion aims to enhance the 307-acre park by acquiring additional land and developing infrastructure to foster a modern industrial ecosystem. MLDL holds an 89% stake in MWCDL, while MWCDL owns 60% of MIPCL, with Sumitomo Corporation holding the remaining 40%.Read more
Allcargo Logistics Limited reported strong financial results for the quarter ending September 30, 2024, showcasing growth across key segments. LCL volume rose 4% year-on-year to 2.37 million CBM, while FCL volume increased 7% to 164,000 TEUs, driven by robust global trade. Air freight volumes reached 2.65 million kilograms, up 14% year-on-year, despite a seasonal 4% decline from the previous quarter. The Contract Logistics segment excelled with 46% revenue growth year-on-year, supported by new clients and expanded business from existing customers. EBITDA improved by 26%, reflecting cost-saving measures. With strategic initiatives and operational enhancements, Allcargo is well-positioned for continued growth amidst evolving global logistics demands.Read more
Bhutani Infra has bought the 'Logix City Centre' in Noida for an estimated INR 1,000 crore, which includes renovation expenses. The 1.2 million square foot project comprises retail spaces, offices, and a hotel. CEO Ashish Bhutani confirmed the purchase from PAG and the Logix group promoters, and the property will now be rebranded as 'Bhutani City Centre 32.' This acquisition strengthens Bhutani Infra's portfolio in the Delhi-NCR commercial market and reflects its strategy to offer integrated spaces that combine work, leisure, and lifestyle. The move aligns with the company's vision to meet the evolving demands of modern consumers.Read more
In a strategic move to strengthen its presence in the industrial and logistics (I&L) sector, Macrotech Developers Ltd., has acquired Bain Capital's stake in three digital infrastructure entities under the Lodha Industrial and Logistics Park (LILP) brand for INR 307 crore. This acquisition aims to fuel Lodha's annuity income growth and bolster its digital infrastructure capabilities. The acquisition builds on a previous purchase from Ivanhoe Warehousing India Inc., marking a significant step in Lodha's digital infrastructure strategy.Read more
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