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Private Sector | Maharashtra - India | PID: 201829
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ESR Group is planning to develop a warehousing hub 'ESR Nagpur Logistics Park 2' with an investment of over Rs 400 crore in Maharashtra. For this, the firm has acquired 58 acres of land in the city, which is expected to be its twentieth park in India
The upcoming park, spanning over 1.4 million sq. ft., is being designed to house 10 buildings, with each building size ranging from 67,000 sq. ft. to 190,000 sq. ft. The new logistics facility will enable it to fulfil a broad spectrum of tenant demands from e-commerce to third-party logistics (3PL), retail and fast-moving consumer goods (FMCG)
ESR Group entered a strategic partnership with Singapore-based sovereign wealth fund GIC with the aim to develop a USD 600 million (around Rs 5,000 crore) joint venture to acquire income-producing core industrial and logistics assets in India
The company's flagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020. ESR India, part of the ESR Group, is a leading developer of industrial and logistics real-estate, with assets under management (AUM) of around USD 1.6 billion and 2.4 million sq. mtrs. of gross floor area as of June
| Updated on: 19 - Oct - 2023
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