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Casagrand Industrial & Warehousing has partnered with Blackstone to develop two industrial and logistics parks across 154 acres in Sriperumbudur, Chennai, with an investment of around INR 700 crore. The project will create 4.2 million sq ft of Grade A industrial and warehousing space for e-commerce, 3PL, and manufacturing clients. Casagrand has previously delivered 6 million sq ft and has a 15 million sq ft pipeline. Construction will begin soon in phases and is expected to finish within 24-30 months, targeting a gross development value of INR 1,500 crore. Pre-leasing commitments are already underway.
Casagrand Industrial & Warehousing, a company specialising in world-class industrial and warehousing infrastructure, has entered a strategic investment partnership with Blackstone, one of the world's largest alternative investment firms. Together, they plan to develop two large-scale industrial and logistics parks across 154?acres in Sriperumbudur, Chennai. Blackstone will invest approximately INR 700 crore in the project, which aims to deliver 4.2 million sq ft of modern Grade A infrastructure. Advertisement
The facilities are being designed to cater to e?commerce operations, third-party logistics providers, and a broad range of manufacturing occupiers. These developments are expected to bring a new level of institutional-grade industrial and logistics assets to the Sriperumbudur corridor, which is emerging as one of India's key industrial hubs.
Casagrand has previously delivered 6?million?sq?ft of industrial and warehousing space and has a 15?million?sq?ft pipeline under execution. The company leverages its experience in plug-and-play facilities to create scalable and customised solutions for its clients. The industrial growth in Tamil?Nadu, largely driven by electronics, automotive, and export-oriented manufacturing, is increasing demand for high-specification infrastructure.
Construction of the parks will start shortly, with phased development planned to align with growing industrial demand. Part of the project has already been pre-leased to an Indian auto major to establish an auto-spare-parts consolidation facility. The parks are also expected to attract a mix of global and domestic tenants.
Casagrand will use its in-house EPC capability, comprising around 2,200 engineers, to ensure timely execution. The company aims to complete the entire project within 24-30 months. Upon completion, the developments are expected to reach a gross development value of INR 1,500 crore, creating high-quality infrastructure to support India's expanding manufacturing and logistics sectors.
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