Xander announces the acquisition of One Million sq ft warehousing space in Chennai

Singapore-based Xander Investment Management (“Xander”) recently announced that its industrial platform has acquired an additional 1 million square feet of warehousing space in Free Trade and Warehousing Zone (FTWZ) located at Sriperumbudur, near Chennai, Tamil Nadu.
Xander which already owns 1 million square feet of warehouses in the FTWZ with this acquisition has immediately doubled its ownership in the park to 2 million square feet.
Notified as the first FTWZ in India, and recently approved as a Multi-Sector SEZ, the park provides Grade-A warehousing and industrial facilities to global operators and manufacturers. Many big names such as DHL, DB Schenker, Kerry Indev, TVS Supply Chain, and Seaways Supply Chain are currently the occupiers of the facility.
“The expansion in JMFTZ is fueled by strong tenant performance and enhanced demand from existing and new occupiers. The new facilities will provide a further thrust to the logistics and manufacturing sectors in the region and act as a catalyst for more rapid economic development in Tamil Nadu. We are leveraging our expertise and knowledge to design best in class industrial/ logistics infrastructure with an emphasis on ESG and sustainability,” said a Xander spokesperson.