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Warehousing Sector
NSE-listed NDR InvIT Trust on Monday announced the acquisition of MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, valued at Rs 143.9 crore. The Grade-A warehousing asset spans approximately 4.63 lakh sq ft of leasable area and is built on around 21 acres of land, and marks its strategic entry into Lucknow's logistics market, NDR InvIT said. The warehouse is currently 98 per cent occupied and leased to leading clients across FMCD, third-party logistics, retail, and paint sectors, the platform said. Located in Lucknow, along the NH 30 (Lucknow-Raebareli Road) corridor, the warehouse has seamless connectivity, while its location on the southern periphery of the city ensures efficient access to key consumption and industrial hubs across neighbouring districts, it added. The acquisition is aligned with NDR InvIT's strategy of expanding its pan-India logistics portfolio through the acquisition of high-quality, income-generating assets in key consumption markets, the compan
Welspun Group-backed warehousing and logistics platform Welspun One Logistics Parks (WOLP) on Wednesday announced it has acquired two land parcels totalling 107 acres in southern India for two warehousing projects. With this acquisition, the company's total footprint has expanded to over 260 acres across Karnataka and Tamil Nadu, marking a significant step in strengthening its pan-South India presence, Welspun One said. This portfolio represents a development potential of over 6 million sq ft, supported by a committed investment of USD 250 million (Rs 2,150 crore), the company said. Welspun One said it has acquired around 51 acres of land in Hoskote and 56 acres in Devanahalli, Karnataka. With these acquisitions, the company has further strengthened its presence in South India, underscoring its confidence in the region's long-term growth potential. "The Bengaluru market in particular holds immense promise, and these investments demonstrate our conviction and capability," said ...
Leasing of industrial and warehousing spaces rose 63 per cent in the first six months of this calendar year to record 27.1 million square feet across eight major cities on better demand from e-commerce players, according to CBRE. On Tuesday, real estate consultant CBRE noted that the third-party logistics (3PL) players took 32 per cent of the total spaces leased during January-June this year while e-commerce entities' share surged to 25 per cent. "The dominance of 3PL and e-commerce, which together drove over half of H1 demand, underscores how rapidly evolving consumer expectations and supply chain optimisation are reshaping the landscape," said Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE. He said the next wave of growth would be defined by premium, sustainable, and tech-enabled facilities. Ram Chandnani?, Managing Director, Leasing, CBRE India, said, The robust growth in leasing activity, coupled with sustained institutional ...
Logistics platform Horizon Industrial Parks, owned and managed by Blackstone Real Estate funds, will invest Rs 700 crore to redevelop warehouses of state-owned CWC in 13 locations. In a statement on Monday, the company said it has been "chosen as the lead partner by the Central Warehousing Corporation (CWC) to manage a portfolio of 13 last-mile logistics assets". The CWC is a public warehouse operator established by the central government under the Ministry of Consumer Affairs, Food & Public Distribution. During the 45 years of partnership, Horizon Industrial Parks will redevelop the government-owned assets into modern Grade-A facilities, tailored to tenants in fast-growing sectors like e-commerce, retail, third-party logistics, and cold chain. "With a development potential of 2.4 million square feet, this is one of the largest last-mile logistics portfolios in India. The investment commitment is expected to be around Rs 700 crore to support the growth of the portfolio," it ...
Allcargo Group's logistics arm Allcargo Supply Chain Private Limited (ASPL) on Monday said it aims to add a 3 million square feet of warehousing space in the next two-three years as part of its expansion plan. Currently operating with 6 million sq ft of space, the company said in the initial phase of expansion, it plans to begin from the north and south regions. ASPL has warehouses spread across more than 80 locations in India. The company said its nationwide expansion plan includes the establishment of standardized warehouses equipped with cutting-edge facilities. These warehouses will cater to all sectors, with ASPL's client distribution comprising 25 per cent from the chemical sector, 30 per cent from e-commerce, 25 per cent from auto engineering, and 15 per cent from other verticals, it said. "Our expansion plan is not just about increasing square footage; it's about strengthening our capabilities to better serve our clients. "With modern infrastructure and advanced Warehouse
Leasing of warehousing spaces in three major southern cities -- Bengaluru, Hyderabad, and Chennai -- fell 5 per cent to 10.2 million square feet during the last year on subdued demand, according to Vestian. During the 2022 calendar year, the total leasing of warehousing space in these three cities stood at 10.7 million square feet. Third-party logistics firms, engineering & manufacturing companies, and e-commerce players take warehousing spaces on lease and are major demand drivers. Real estate consultant Vestian data showed that the share of these three southern cities fell to 27 per cent in 2023 from 34 per cent in the previous year. Across seven major cities, the leasing of warehousing and logistics spaces grew 21 per cent to 37.8 million square feet in 2023 from 31.2 million square feet in the previous year. Among cities, the demand in Bengaluru fell to 3.6 million square feet from 4.1 million square feet. Hyderabad too witnessed a fall at 3.1 million square feet as against .
Monthly average rental of quality warehousing space in Delhi-NCR rose 19.9 per cent in the first six months of this year, according to a report by realtors body Credai and data analytics firm CRE Matrix. In their joint report released on Thursday, Credai and CRE Matrix highlighted that the Grade-A warehousing stock crossed 163 million square feet in the first half of 2023, owing to rapid industrial growth. During January-June period, the demand for Grade A warehousing space stood at 13 million square feet, whereas supply stood at 9.4 million square feet across six major cities. The vacancy level stood at a mere 8.8 per cent at the end of H1 2023, from the previous 10.5 per cent in the year-ago period. These six cities are -- Delhi- NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai and Hyderabad. Rental costs too have witnessed a 10 per cent surge across India wherein Delhi-NCR (almost 20 per cent) and Chennai (20.8 per cent) had the highest increments in rental rates
The industrial and warehouse logistics park supply is likely to grow 13-15 per cent in this fiscal in the eight primary markets to around 435 million square feet, with nearly 52 per cent to come up in grade A capacity, according to a report. However, the incremental absorption is likely to remain flat at the FY23 levels of around 39 million sq ft, Icra Ratings said in the report. The warehousing sector continues to witness a sustained demand from the third-party logistics (3PL) and automobile sectors, which together accounted for 53 per cent of the total leased warehousing area as of March 2023. Additionally, the rapid expansion of new sectors like e-commerce and allied services, the growing needs of the consumption market and the government's focus on manufacturing will boost demand. The agency expects the grade A warehouse stock across the top eight primary markets to grow by 17 per cent to 195 million sq ft by March 2024 from 167 million sq ft in March 2023. For the incremental