Morgan Stanley Real Estate Investing (MSREI), a division of Morgan Stanley, and Mumbai-based industrial and logistics real estate company Prakhhyat Group, will collaboratively construct a Class A warehouse project spanning 0.7 Million-SqFt in K Square Logistics Park situated near Mumbai in Bhiwandi.
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Despite MSREI withholding the investment amount, reports claim that the company is investing INR 300 Crore in Prakhyat to establish the warehouse area.
The ‘One K-Square’ project, spanning 25 acres, is set to be developed to meet Grade A standards using the latest global technology. This endeavor aims to offer storage solutions to institutional clients in sectors like e-commerce, 3PL players, FMCG, and FMCD, among others. Prakhhyat Group, serving as the development manager, will oversee leasing, asset management, and project execution responsibilities.
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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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