05 Aug 2024

In H1 2024, India's industrial and warehousing sector saw 13 million sq ft of leasing activity, growing 17% YoY. Chennai and Delhi NCR led demand, driven by Third-Party Logistics (3PL) players, who took 36% of space. Chennai's demand doubled, while Delhi NCR saw significant uptake in Farukhnagar and Sonipat. Engineering, FMCG, and electronics sectors also increased space use. Despite rising supply, vacancy rates grew to 12.2%. The sector added 14.4 million sq ft of new space, with 40% in Delhi NCR. Large deals (over 200,000 sq ft) accounted for 35% of demand, mainly from 3PL, electronics, and FMCG sectors.Read more

01 Aug 2024

The Sattva Group has acquired 200 acres in Karnataka to develop industrial and warehousing assets. With an initial investment of INR 700 crore, the upcoming facilities in Dabaspet and Narsapura will have a development potential of five million square feet. The company plans to invest INR 12,000-14,000 crore over the next two to three years to diversify and explore new markets. Sattva Group, in partnership with Blackstone, holds 32 million square feet of real estate and is considering a REIT. The firm operates across 11 business verticals, focusing on residential, commercial, data centre warehousing, and hospitality.Read more

31 Jul 2024

Mahindra Logistics Ltd. (MLL) announced its Q1 FY25 results, showing resilience in a moderate demand environment. The Contract Logistics segment saw a 9% year-on-year revenue increase, reaching INR 1,045 crore. The Freight Forwarding business experienced a 12% growth from the previous quarter, driven by inbound ocean cargo demand. The Express business posted a 2% revenue rise, reaching INR 210 crore, with a 16% reduction in losses. MLL's joint venture with Japan's Seino Holdings Ltd. and a new warehouse in Guwahati highlight its strategic expansions. Despite challenges like higher start-up costs and manpower expenses, CEO Rampraveen Swaminathan remains optimistic about the year's outlook.Read more

24 Jul 2024

Aldar Properties has partnered with DP World to fund and develop a 1.55 million square feet Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai. This strategic agreement aligns with Aldar's AED 1 billion investment plan to expand its logistics real estate business in Abu Dhabi and Dubai. The park will feature LEED-certified modular buildings for 3PL, eCommerce, and retail tenants. Construction starts in Q4 2024, with completion in Q4 2025. This collaboration enhances logistics capabilities, supporting business growth and diversification in Dubai's logistics sector, and underscores Aldar and DP World's commitment to innovative logistics solutions.Read more

19 Jul 2024

Global logistics giant Panattoni has officially started its first project in India with the groundbreaking of Panattoni Park NH71 in Haryana. Located on National Highway 352, the 66,000 sqm park will feature over 32,000 sqm of warehousing space designed to high industry standards, including 100% wastewater recycling and ample green cover. This INR 200 crore investment signifies Panattoni's commitment to India, aligning with the country's growing demand for modern logistics solutions. The park's strategic location near major industrial hubs like Luhari and Farrukhnagar will streamline logistics operations and generate significant local employment opportunities.Read more

18 Jul 2024

India's warehousing sector, crucial for economic expansion, faces a hurdle in land acquisition. As demand surges amid rapid economic growth, complexities in acquiring land due to fragmented ownership structures and lengthy approval processes slow development. Global interest, like Panattoni's USD 100 million annual investment plan, underscores market potential, yet initial delays near Delhi highlight challenges. Streamlining land acquisition is vital; simplifying procedures, enhancing data transparency on ownership, and offering incentives can optimise development. Despite obstacles, commitment from firms like Panattoni and expansions by Blackstone and Prologis signal optimism, advocating for collaborative efforts to unlock India's warehousing sector's full potential.Read more

18 Jul 2024

Welspun One, a key player in India's warehousing sector, has secured a landmark INR 2,275 crore (USD 281 million) for its second fund, highlighting robust investor interest. Focused on "new-age" warehousing solutions, the company targets high-growth segments like urban distribution centres, cold storage facilities, and logistics hubs near ports and airports. These initiatives cater to the surging demand fueled by e-commerce and efficient supply chain requirements. With plans to develop 8 million square feet, expanding their portfolio to 18 million square feet, Welspun One aims to enhance delivery efficiency and support India's economic growth through strategic infrastructure investments.Read more

16 Jul 2024

Natural Environment Solutions (NES) is set to establish a cutting-edge 5-megawatt data centre in Pune's Hinjewadi, marking a significant investment in the city's digital infrastructure. NES plans to scale up to over 100 MW capacity across India within three years, reflecting the nation's rapidly expanding digital landscape. India's data centre market, projected to reach USD 4.7 billion by 2024, is driven by increasing internet penetration and cloud computing adoption. NES aims to revolutionise data centres with a focus on efficiency, sustainability, and security, aligning with India's goals for renewable energy and advanced digital solutions.Read more

15 Jul 2024

Pristine Logistics & Infraprojects, a prominent Indian logistics company, has caught the attention of global investment firms. Global Infrastructure Partners (GIP), backed by BlackRock, holds a 57% stake in Pristine and is looking to exit. A.P. Moller Capital has emerged as the frontrunner to acquire this majority stake for around USD 500 million, reflecting confidence in Pristine's growth potential. Other entities, including Midrail LLC and an EQT-Temasek joint venture, are also vying for the stake. Founded in 2008, Pristine has rapidly expanded, operating logistics parks and owning substantial assets. The company has been consolidating the industry, acquiring firms like Sical Logistics. Pristine's planned IPO was shelved as global investors showed interest. The Indian logistics sector's appeal has driven this investor interest in Pristine, positioning it as a key player in the evolving ecosystem.Read more

03 Jul 2024

Bangalore's logistics sector gets a boost as CJ Darcl Logistics leases 125,000 sq ft of warehousing space from IndoSpace. The nine-year agreement, located in IndoSpace's Narasapura Industrial and Logistics Park, strategically enhances CJ Darcl's operational capabilities. This partnership leverages IndoSpace's extensive network across 11 cities, offering CJ Darcl access to efficient logistics infrastructure crucial for expanding their Warehousing and Distribution (W&D) services. The move underscores Bangalore's role as a key logistics hub in India, supporting economic growth and meeting growing demand for high-quality logistics solutions amid rising e-commerce activity.Read more