LOGOS leases a million sqft of warehousing space to Amazon India

Logistics operator LOGOS, in one of the largest warehouse lease transactions, leased out a million square feet of warehousing space in Devanahalli Industrial and Logistics Park in north Bengaluru to e-commerce major Amazon India. The 20-year long lease tenure has a rental outflow of $100 million. Built by LOGOS, the Amazon India facility will comprise a receiving centre, sorting centre, fulfilment centre and Amazon Retail in a single location, thus enabling the firm to enhance operational efficiencies and service the growing demand in this region.
“The Indian warehousing sector has seen significant attraction from both global and domestic investors and occupiers on the back of the GST changes and significant growth in e-commerce. LOGOS is committed to establishing a new benchmark of high quality and sustainable logistics warehousing in India to support the critical infrastructure services needed for new economy businesses in India.” said Mehul Shah, CEO, LOGOS’ Indian business