IndoSpace recently leased 3 lakh sq. ft. of warehousing space to Kerry Indev Logistics. The facility, which occupies a space of 3 lakh sq. ft. is built exclusively for supporting Mitsubishi Electric India’s (air conditioning business) operations. The 3PL logistics provider has a well-established tenant portfolio including key OEMs from automotive and electronics manufacturing across India. The logistics park is situated within the industrial ecosystem provided by Sri City, renowned for its strategic location and world-class infrastructure. Rajesh Jaggi, Vice Chairman – Real Estate, Everstone Group, said, “We are deeply honoured to continue being the partner of choice for Kerry Indev Logistics. This renewed association is a testament to the trust they place in our capabilities, and we will continue to innovate and provide best-in-class solutions to all our partners and operate with the highest governance.” Xavier Britto, Chairman, Kerry Indev Logistics, said “We are excited to extend our partnership with IndoSpace offering Grade A assets and having a robust presence across India. The facility aligns with our mission to provide top-notch logistics and warehousing solutions to our clients. This facility, strategically located at Sri City, coupled with an ideal infrastructure, will enhance our operational efficiency, thereby enabling us to match customer expectations.”
Read More »V-Logis opens 1,25,000 sq. ft. warehouse facility at Bhiwandi
V-Logis opens its state-of-the-art warehouse facility at Bhiwandi. Strategically located on the Mumbai Nashik highway and near the newly opened Nagpur Mumbai Maharashtra Samruddhi Mahamarg, this facility provides the best-in-class storage solution to clients nationwide. Covering a vast area of 1,25,000 square feet with an impressive clear height of 45 feet, this warehouse is specifically designed to cater to the evolving needs of modern logistics and distribution. The location holds immense significance as it lies along the 701-km Nagpur Mumbai Maharashtra Samruddhi Mahamarg, passing through Vadape in Bhiwandi. Additionally, the proposed Virar Alibaug Multimodal Corridor and Vadodara Mumbai Highway will soon offer a robust road network, further enhancing the connectivity of the region to various parts of the country. Key features of this facility include a pre-engineered building (PEB) shed structure, ensuring durability and flexibility, and FM-2 flooring with a load capacity of 8MT per sq meter. The warehouses are compliant with international standards, providing Grade A facilities that guarantee top-notch quality and reliability. Ensuring superior safety measures, the warehouse has received MMRDA approval and Fire NOC. This is equipped with essential safety features, including Water Hydrant, K-series sprinklers, and a 4 lakh-liter water tank.
Read More »WOLP’s second warehousing-focused fund raises INR1,000 cr in 4 months
Welspun One Logistics Parks (WOLP) has successfully raised INR 1,000 crores within four months of launching its second fund. It has also announced the opening of its “green shoe” option to raise an additional INR 1,000 crore. The potential corpus could reach INR 2,000 crore upon completion of the green shoe option, which would rank it among the largest in the domestic real estate alternatives space. With an advanced pipeline of land parcels in key warehousing micro markets such as MMR, Chennai, Bangalore, and Lucknow already in place, the fund 2 is well positioned to add 10-12 million square feet of new projects to its existing portfolio. This approach could potentially create an aggregate portfolio of 16-18 million square feet over the next 4-5 years across first and last-mile facilities in Tier 1 and 2 cities. The plan entails an overall investment outlay of over INR 8,000 crore, which will propel Welspun One to an AUM of USD 1 billion. Welspun One was the first to recognize the untapped potential for domestic investors, WOLP provided this opportunity through financialization of real estate by launching India’s first AIF of INR 500 crore in 2021. This fund successfully committed the entire corpus across six investments aggregating to ~6.5MM sf in a short span of ~1.5 years from its first close. Further, the portfolio has also seen excellent traction on the ground with ~50% of first fund’s portfolio leased and delivered.
Read More »ESR to build urban distribution center in Delhi
ESR Group is making significant progress in constructing its Urban Distribution Centre in Delhi. The project consists of two buildings, and construction is underway for both. Building 1 is approximately 30% complete, with the first-floor slab currently being laid out. Scaffolding work is in progress for building 2, which is currently 20% complete. ESR aims to complete the construction of this multilevel distribution centre by the end of 2023. Situated in Alipur, northwest Delhi, the site will enable just-in-time delivery to 2 million customers in Rohini, Shalimar Bagh, Pitampura, Ashok Vihar, and Model Town, all reachable within 20 minutes. The location offers excellent connectivity throughout the city via the Outer Ring Road, just a 5-minute drive from the site, and the Eastern Peripheral Expressway (KMP). It also provides access to the neighbouring states of Haryana and Punjab via NH44. The upcoming UER 2 starts from NH 44 at Alipur, close to ESR’s Urban Distribution Centre, will connect Rohini, Mundka, Najafgarh, and Dwarka and end at Delhi–Gurgaon Expressway on National Highway 48 and make IGI airport accessible from this location within 40 minutes.
Read More »LP Logiscience opens Grade A, green warehouse in Bhiwandi
LP Logiscience, the warehousing and contract logistic arm of Liladhar Pasoo group, inaugurated a state of the art, Grade A, green warehouse in Bhiwandi, Mumbai. Spread over a private campus of 15 acers, with 5 Lakh sq.ft. of storage space, equivalent to 30,000 pallet positions, this is one of the largest 3PL multi-client facilities in India, and is equipped with the best in industry standards of fire and safety compliance. The warehouse is also equipped with infrastructure for sustainable resource management, and can generate up to 500KW of solar power, and store up to 4.5Lakh liters of water through rain water harvesting and operates EV and CNG vehicles for green distribution. Varun Gada, Director, LP Logiscience, said, “This has been a passion project and, the way I see it, also the future for state of the art, storage solutions. I am extremely honored to have the support of an extremely talented team of expert vendors, especially our warehouse developers, who made this possible within the timelines and for the faith and trust that our clients put in us. We are committed to providing value-added, customized solutions that are executed in a manner compliant with the highest industry standards of safety. We are also committed to driving efficiency by leveraging the best in tech innovation, while also creating sustainable and green warehouses to help our customers achieve their carbon emission goals. This facility in Bhiwandi is one big step in the direction. Apart from solar power and rainwater harvesting for the warehouse, we also aim to impact the local community and share the surplus power to meet the requirement of our immediate neighborhood. In the coming months, we also aim to …
Read More »Safexpress launches ultra-modern logistics park in Baddi
Safexpress has launched its ultra-modern Logistics Park in Baddi, Himachal Pradesh. This state-of-the-art facility is strategically located near Gurumajra, Manpura. The facility is spread over a land area of 70,000 square feet, enabled with ultra-modern transhipment and 3PL facilities, which will boost storage & warehousing needs of the businesses in this region while providing for faster connectivity. The new Logistics Park is cross-dock, equipped with loading and unloading of over 50 vehicles simultaneously. It has a column-less span of over 80 feet, which facilitates uninterrupted movement of goods within the facility. To enable all-weather loading & unloading of goods, the facility is equipped with 16 feet wide Cantilever Shed. The Logistics facility has the required firefighting equipment and trained manpower to deal with such exigencies. It is equipped with an integrated rainwater harvesting system, has a dedicated green zone and will be using sunlight during the daytime to conserve energy. Operations at the Logistics facility is highly streamlined, which ensures the country’s fastest transit-time from Himachal Pradesh to all destinations across India.
Read More »DB Schenker expands logistics capabilities, launches facility
DB Schenker has expanded its capabilities and capacity in the UK and Ireland and in Scotland, the freight forwarder has opened a new facility in Glasgow. The freight forwarder’s new multimodal site in Hillington Park offers regional customers more than 17,000 sq ft of warehousing and more than 750 pallet positions for storage and pick/pack services. The site features full camera coverage including of its own external yard for devanning and loading containers. It is also ISO 9001 and ISO 14001 compliant and will achieve ETSF (External Temporary Storage Facility) Type A status within the next month. Our new Glasgow home offers our customers so much more in terms of warehousing solutions within this modern, highly secure facility supported by our committed and knowledgeable air and ocean team,” stated DB Schenker’s airfreight regional manager North, Debbie McBride.
Read More »cargo-partner expands ops with 20,000 m² iLogistics Center
cargo-partner has opened a new iLogistics Center with 20,000 m² of warehouse space in Istanbul. Close to the new Istanbul airport and the region’s main seaports, and ideally connected to Europe via North Marmara Highway, the Center offers a wide range of logistics services to cargo-partner’s customers in Turkey. With a total storage area of 20,000 m², including 5,850 m² of bonded warehouse space, cargo-partner’s iLogistics Center Istanbul represents a new milestone for the company’s organization in Turkey. The new iLogistics Center will create more than 85 new jobs, increasing the total number of cargo-partner employees in Turkey to almost 250 by the end of the year. The warehouse provides a capacity of more than 20,000 pallet slots and has 17 loading docks for all vehicle types, enabling fast transshipment, customs bonded warehousing and distribution throughout the region. The facility’s modern design allows for efficient handling and storage of oversized goods, flexible multi-modal services and comprehensive high-tech logistics solutions.
Read More »Chennai gets new warehousing facility with 350 tonnes capacity
DTDC Express launches new facility at Geethanjali Industrial Park, Velappanchavadi in Chennai. The newly launched facility spans over 1,75,000 square feet and has 38 docks which help to optimize cross-docking efficiency. Furthermore, the hub is equipped with robust infrastructure facilitating the handling and processing of over 350 tonnes of shipments daily. The facility is equipped with a state-of-the-art sortation system that can process an impressive up to 9000 parcels per hour, utilizing the innovative linear cross-belt system. Located along the bustling Chennai-Poonamallee-Bangalore highway, the newly established DTDC super hub offers seamless connectivity to prominent urban centers in South India. Moreover, the super hub serves as a crucial link to other significant destinations like Ahmedabad, Delhi, Mumbai, and Kolkata, further expanding its reach and influence in the region.
Read More »Jeena opens new warehousing facility in Bhiwandi
The contract logistics arm of Jeena & Company has raised its warehousing capacity with the inauguration of its largest and strategically significant new warehouse in Bhiwandi, Mumbai. This facility has an area of over 1.10 Lac square feet, has a clear centre height of 50 feet and a 30 feet shoulder height. Making this stand-out is it’s infrastructure design with G+7 and G+6 heavy duty pallet racking system and the G+7 multi-tier shelving system. The warehouse is equipped with all types of necessary amenities such as forklifts, stackers, and hand pallet trolleys. The flexible design of the warehouse will allow optimized storage space and empower sellers to boost their business. This warehouse is easily accessible from major bus stops, railway stations, Nhava Sheva port and the airport. Businesses in Pharma, FMCG, apparel, e-commerce, personal care sectors will be benefitted from Jeena’s new facility. Sam Katgara, Partner, Jeena & Company said, “We are pleased to introduce our latest warehouse. This is another concrete step towards our commitment to providing high end-storage facility for all 3PL and warehousing needs supported by technology. With our investment and focus on technology, we are all set to offer world-class services at competitive pricing. The highlight of this warehouse is the ability to customize on-site storage capabilities as per the requirements of our clients and their business necessities.”
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