LOGOS, Ivanhoe buy land in Pune to set up logistics park

Asia Pacific logistics real estate major LOGOS and its venture partner Ivanhoe Cambridge have acquired a 77-acre industrial land parcel in Pune’s Chakan industrial area to develop a large-scale logistics park, said online reports. The development potential of the land parcel exceeds 2.2 Million-Sqft. LOGOS India-Ivanhoe Cambridge logistics venture will invest INR 650 crore in the project. The master plan for the site will focus on sustainability-driven development, featuring Grade A industrial and logistics buildings. With its convenient location offering direct access to the Mumbai-Pune Expressway and Mumbai-Bangalore NH 48, the site is ideal for warehousing, industrial, e-commerce, and third-party logistics (3PL) customers. Work on the project is set to commence in August 2023, and it is expected to be developed in two phases over a period of three years, said reports.