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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