LOGOS and Ivanhoe buy land in Pune to build a logistic park

Asia-Pacific logistics real estate group LOGOS and its venture partner Ivanhoe Cambridge have acquired a 77-hectare industrial site in Pune’s Chakan Industrial Zone to develop a large-scale logistics park.

The property has over 2.2 million square feet of development potential.

The logistics company of LOGOS India and Canadian institutional investor Ivanhoe Cambridge will acquire the Logos Chakan Logistics Estate and invest ₹650 crore in the project, said Trent Iliffe, Managing Director of LOGOS.

Logistics company LOGOS India-Ivanhoe Cambridge has an investment capacity of US$800 million to develop and own high quality, modern industrial and logistics facilities in key markets of India.

“The Chakan site is one of the largest industrial areas in the area and offers the opportunity to build a large, world-class industrial and logistics area,” said Iliffe.

“With strong connections to key transportation infrastructure, the area will be able to serve the increasing demand from e-vehicle, automotive ancillary and electronics customers looking to build world-class industrial facilities.”

A master plan with sustainability-oriented development is being drawn up for the site, which includes first-class industrial and logistics buildings. With direct access to the Mumbai-Pune Expressway and the Mumbai-Bangalore NH 48, the location provides access to the Pune region from the Port of Mumbai and other major infrastructures. “We are seeing strong demand from customers looking to build world-class, sustainable infrastructure in this space, and this development will enable LOGOS to meet demand through a timely and efficient development program,” said Mehul Shah, CEO of LOGOS India.

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