ESR Group leases 48,800 sq. ft. of warehousing space to UPM

ESR Group has leased 48,800 sq. ft. of prime industrial real estate to UPM’s business unit UPM Raflatac, a sustainable labelling solutions provider. UPM will use this space in ESR Taloja Industrial & Logistics Park (“ESR Taloja”) to serve its growing customer base in India and achieve higher efficiency in their operations. UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new space will provide them with a modern and efficient facility to streamline their operations, including warehousing and distribution. This collaboration amplifies Navi Mumbai’s rising eminence as a preferred industrial destination for international enterprises. Reflecting on this collaboration, Abhijit Malkani, CEO of ESR India, said, “We take immense pride in extending a warm welcome to UPM. Our commitment to providing best-in-class space solutions aligns with UPM’s focus on growth and sustainability. The park’s Grade A+ sustainable infrastructure, pre-certified Gold by IGBC, synergises strongly with UPM’s eco-friendly solutions. This collaboration goes above and beyond operational efficiency – it empowers UPM to operate a sustainable supply chain operation, supported by ESR’s extensive New Economy development and asset management expertise.”