Niranjan Hiranandani, Blackstone signs deal with Jost

Greenbase Industrial & Logistics Park, which is a joint venture between Niranjan Hiranandani Group and Blackstone Group said it has inked a lease deal with Jost India, a manufacturer of components for commercial vehicles and agricultural equipment. The 2 lakh sq ft lease deal is for 10 years at the mixed-use township Hiranandani Parks in Chennai. The facility is expected to be delivered and be operational by 2022-end. Niranjan Hiranandani, Founder, Hiranandani Group and Chairman of Greenbase Industrial & Logistics Park said, “With the signing of this deal, our total delivered portfolio stands at 1.5 million sq ft at Greenbase Chennai. We are committed to invest over ₹3000 crore to develop industrial and logistics parks across key cities in India.