IndoSpace leases 50k sq. ft. space for cylinder unit in Chennai

IndoSpace has expanded its tenant portfolio by onboarding Lind Jensen Machinery (LJM). The hydraulic cylinder manufacturer will set up its first factory in India at Oragadam 2 in Chennai where it will produce hydraulic pitch, lock cylinders, and accumulators for the wind turbine industry. The project has received an investment of €2 million so far, stated a release. The facility, which occupies 50,000 sq. ft. space, may begin trial production by July-end This is LJM’s second facility in Asia, with the first one being operational in China. Rajesh Jaggi, Vice Chairman, Real Estate, Everstone Group said in a statement, “We are delighted to be able to provide an industrial ecosystem facility in Oragadam 2 for LJM to manufacture top of the line parts for the wind energy sector. This will go a long way in meeting India’s needs for sustainable energy, and we look forward to a lasting relationship with them.”