Investment of over US $200 million recorded in industrial & logistics sector: CBRE

CBRE South Asia has announced the findings of ‘India Industrial and Logistics Market View, H1 2019’. The report says, 3PL sector contributed close to 56 per cent of total absorption during H1 2019 compared to 31 per cent in H2 2018. As per the report, logistics leasing in the country recorded a growth of 31 per cent on a yearly basis, crossing 13 million sq. ft. Mumbai, Chennai and Bangalore accounted for more than 60 per cent of leasing activity, as per the CBRE report titled ‘India Industrial and Logistics Market View, H1 2019’.

Speaking on the report, Anshuman Magazine, Chairman & CEO – India, South East Asia, Middle East & Africa, CBRE, said, “While the overall pipeline for the sector is expected to be around 60 million sq. ft. till 2020, at least 22 million sq. ft. of this supply is anticipated to be released by leading players. We also expect logistics leasing activity to strengthen owing to consolidation/expansion by occupiers. In addition, as per our APAC Investor Intention Survey, 2019, India was among the top five investment destinations in APAC. Industrial and logistics was also one of the top segments expected to be targeted by investors in 2019.”