Mapletree invests Rs300 crore in logistics park project in Pune

Mapletree, a Singapore-based developer-cum-investor, has invested Rs 300 crore in a logistics park project of Pune-based KSH Infra Industrial Park. The deal pertains to 0.7 million square feet (sq. ft) of Grade A logistics park KSH in Chakan, Pune. This deal is part of a 1.2 million sq. ft park that the firm is developing in the Chakan area of the city. The entire development and leasing of the project will be undertaken by KSH Infra.

KSH Infra Industrial Park has entered into a forward sale agreement with Mapletree, wherein the investor has committed to buy the park at a pre-agreed valuation along with pre-defined technical specifications. The park is EDGE Certified and lays great impetus on the importance of green development. The entire park aims to be healthier, more productive, and help reduce stress on the environment. The buildings are designed to be more energy and resource-efficient, resulting in energy savings, and a reduction in utility costs in the long term for its clients.