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.
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.
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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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