Ivanhoe Cambridge & LOGOS Pump Rs 1,100 Crore into Chakan's Mega Logistics Hub

Global real estate firm Ivanhoe Cambridge and Asia-Pacific logistics specialist LOGOS have announced a significant investment exceeding Rs 1,100 crore to establish a state-of-the-art logistics park in Chakan, Pune, Maharashtra. Positioned as the most substantial foreign direct investment (FDI)-driven integrated private industrial and logistics development in India, this venture underscores the companies' commitment to fostering economic growth in the region.

The strategic acquisition includes an additional 66 acres in Chakan, augmenting the Chakan Industrial Estate's overall land area to 143 acres. Located in proximity to the automotive hub, the site is poised to facilitate ancillary units. This transaction builds upon their earlier acquisition of 77 acres in May. The consolidated 143-acre site is anticipated to accommodate a total development of over 3.5 million sq. ft. (msf), addressing the burgeoning demand for prime industrial development in the area.

Situated adjacent to the Chakan industrial area, recognized as one of Asia's largest industrial hubs housing over 1,000 manufacturing enterprises spanning electronics, engineering, automobiles, and electric vehicles (EV), this acquisition underscores the company's enduring commitment to the Indian logistics and industrial sector. The region's thriving demand for AAA-grade infrastructure aligns with India's manufacturing growth and the correlated need for quality and sustainable development.

The LOGOS Chakan Logistics Estate marks LOGOS' fifth project in India, complementing their developments in Bengaluru, Chennai, the National Capital Region, and Pune. This expansion encompasses a total potential development area exceeding 10 msf, reinforcing LOGOS' position in India's burgeoning industrial landscape.

This transformative venture is part of the LOGOS India Logistics Venture, anchored by Ivanhoe Cambridge, boasting a substantial USD 400 million commitment. The objective is to develop and own high-quality, modern industrial and logistics facilities strategically positioned in key Indian markets. LOGOS, a member of the ESR Group, specializes in logistics operations across ten countries in the Asia-Pacific region.

News by Rahul Yelligetti