LOGOS and Mahindra Logistics developing 1.4million sf of Multi-Client BTS Warehouses in Delhi-NCR in India’s Largest Warehousing Lease

Media
Thursday 2nd December 2021


– CBRE South Asia Pvt. Ltd. facilitates landmark deal, Mumbai, India

Mahindra Logistics (MLL), one of India’s largest Third-Party Logistics (3PL) solution providers and LOGOS, a leading Asia Pacific logistics specialist, have announced a long-term lease agreement for 1.4 million square feet (mmsf) of warehouse facilities at the LOGOS Luhari Logistics Estate in Delhi-NCR. The transaction represents India’s largest warehousing facility in a single park.

Under the agreement, LOGOS will develop three Grade-A warehouses totaling 1.4 mmsf for MLL at the LOGOS Luhari Logistics Estate. The first 0.5mmsf warehouse, which was completed in mid-2021, is fully operational and the other two warehouses are currently under development with delivery in late 2021 and early 2022 respectively.

The new warehouses will be an important part of MLL’s Pan-India network of multi-client facilities that manage the fulfillment and distribution of its clients’ services within the e-commerce, consumer and engineering industries. The facilities are designed in line with MLL’s sustainability standards, including Liquid Discharge Management and Renewable Energy and Waste Management requirements and state-of-the-art automation. MLL will employ over 2,500 employees and third-party associates across these facilities.

In line with both LOGOS’ and MLL’s commitment to sustainability, the Estate will incorporate market leading sustainability and environmental initiatives including 20 acres of Miyawaki Forest Plantation, solar power generation and distribution for warehouse and common infrastructure energy provision. State-of-the-art monitoring to measure warehousing air circulation, temperature, energy and water usage will also be employed within the Estate in conjunction with heat mapping on the movement of trucks and people throughout the property for operational control which will influence the future design requirements of logistics estates.

Mehul Shah, CEO of LOGOS’ Indian business said: “We are pleased to have partnered with MLL, one of fastest growing integrated logistics companies in India, to support their significant growth in this region. We will be delivering MLL’s three warehouses using Lean Construction, a process which involves using offsite precast, fabrication and preassembly for building and external development components. This, in conjunction with our strong local network and regional expertise, has enabled us to deliver the first facility within rigorous timelines, despite the challenges of the global pandemic.”

Mr. Rampraveen Swaminathan, Managing Director and CEO, Mahindra Logistics Limited, said: “Continuing our efforts in growing our warehousing business, we are delighted to announce the launch of Luhari Warehousing Facilities in partnership with LOGOS. Our focus remains on providing integrated, customized solutions for inbound and fulfillment and the warehousing network is a key element. We look forward to continued business growth from existing as well as potential customers from all regions. These new facilities set a benchmark in terms of sustainability.”

Mr. Anshuman Magazine, Chairman & CEO – India, South East Asia, Middle East & Africa, CBRE said, “We take immense pride in being an integral part of India’s sunrise sector. Warehouse space take-up is expected to cross 32 million sf in 2021, boosted significantly by accelerated digitalization, 3PL and e-commerce players, and improved sentiments in other sectors such as engineering/manufacturing, retail, FMCG, and pharmaceuticals.”

LOGOS Luhari Logistics Estate is part of the LOGOS India Logistics Venture anchored by Ivanhoé Cambridge with an investment capacity of up to US$800 million to develop and own high-quality, modern logistics facilities in key logistics markets of India.

 

Recent Media Releases
  • Media

  • 22 Wednesday 2024

LOGOS secures exciting acquisition in Erskine Park

LOGOS, part of the ESR Group, has today announced the acquisition of a 7.7ha site in Erskine Park; one of Australia’s premier Industrial & Logistics locations. Read More
  • Media

  • 24 Wednesday 2024

Ivanhoé Cambridge and LOGOS commit over INR 1,100 Cr. investment in Chakan Industrial Estate, Maharashtra becoming the largest FDI led integrated private industrial and logistics development in India

Ivanhoé Cambridge along with the leading Asia-Pacific logistics specialist LOGOS, are pleased to announce the acquisition of an additional 66 acres in Chakan, Pune taking the Chakan Industrial Estate’s total land size to 143 acres. Read More
  • Media

  • 6 Monday 2023

LOGOS announces Moorebank Intermodal Precinct development update, including new tenant leases across ~50,000sqm GLA and completion of $620m warehousing

Leading Asia-Pacific logistics specialist, LOGOS, has announced an update on its development of Moorebank Intermodal Precinct (“MIP”), Australia’s largest intermodal freight facility, two years after the LOGOS Consortium’s acquisition of the site. This update includes new tenants Maersk and Sydney Tools, the completion of warehouses to end value of $620 million due by end of year, and material installation of solar infrastructure.  Read More