SPL, LOGOS sign MoU to develop logistics park

Shriram Properties Limited (SPL) and LOGOS have signed MoU for a potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara, Kolkata, which will be developed into a warehousing and logistics park by LOGOS. The MoU for the proposed transaction was signed at the Global Investor Summit organised by Government of West Bengal at Kolkata and is subjected to necessary due-diligence and certain regulatory and governmental approvals that are customary to similar transactions. SPL is currently developing an integrated township project, ‘Shriram Grand City’ on a 314 acres of land parcel at Uttarpara in Kolkata.