📋 Tender Overview
Scope : To Develop a Logistics Park in Chakan industrial area, Pune, Maharashtra
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 land parcel has development potential of over 2.2 million sq ft.
The logistics venture of LOGOS India and Canadian institutional investor Ivanhoe Cambridge will acquire LOGOS Chakan Logistics Estate and invest Rs 650 crore in the project.
The LOGOS India-Ivanhoe Cambridge logistics venture has $800 million in investment capacity to develop and own high-quality, modern, industrial and logistics facilities in India’s key markets.
The Chakan site is one of the largest industrial zoned lands in this area, capable of delivering a large-scale, prime-grade industrial and logistic estate. With strong connectivity to key transport infrastructure, the estate will be able to support the increasing demand from e-vehicles, auto ancillary and electronics customers looking to build top-class industrial facilities.
The site will be master planned with sustainability-driven development comprising Grade A industrial and logistics buildings. With direct access to the Mumbai-Pune Expressway and Mumbai-Bangalore NH 48, the site offers access to the Pune region from Mumbai’s port and other key infrastructure, making it a convenient location for warehousing for industrial, e-commerce and third-party logistics (3PL) customers.
LOGOS is planning to commence work on the project in August and expects to develop the same in two phases over three years.
The land parcel is located in the MIDC Industrial and Logistics site within Chakan Industrial area, which is one of Asia’s largest industrial hubs that houses more than 1,000 manufacturing enterprises, including electronics, engineering, automobile and e-vehicles.
In line with LOGOS and Ivanhoe Cambridge’s commitment to sustainability, the project will incorporate market leading environmental initiatives, including a minimum of seven acres of Miyawaki forest plantation, solar power generation, ground water recharge, and distribution to warehouses and common infrastructure.
Partner :
Ivanhoe Cambridge
Address: 1001, rue du Square-Victoria
Montreal, Quebec
Canada H2Z 2B5
Website : https://www.ivanhoecambridge.com/
Phone :+15148417600
Fax : +15148417762
