Page 4 - Warehousing

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Warehousing rents in Mumbai, Bengaluru, Delhi-NCR up 7.2% in FY'22: Report

Warehousing rents in Mumbai, Bengaluru and Delhi-NCR rose by an average 7.2 per cent during the last fiscal on higher demand from third party logistics, e-commerce and manufacturing sectors, as per a report. In its Asia-Pacific Logistics Highlights H1 2022 report, Knight Frank said Mumbai saw an annual growth of 9.3 per cent in prime warehousing rents to Rs 265 per square feet per year in the last fiscal, from Rs 243 per square feet in the previous year. Warehousing rent in Bengaluru rose 6.4 per cent to Rs 240 per sq ft per year, while that in Delhi-NCR increased by 5.9 per cent to Rs 227.40. On a 12-month outlook basis, the consultant said the prime logistic rents across Mumbai, Bengaluru and Delhi-NCR are expected to increase on the back of sustained demand from third party logistics, e-commerce and manufacturing sectors. Shishir Baijal, chairman and managing director, Knight Frank India, said, "Rents for warehouses in India witnessed a substantial growth signifying resiliency .

Warehousing development law: Centre proposes more penalties

In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form

Leasing of industrial & warehousing space up 7% in Jan-Jun across 5 cities

Leasing of industrial and warehousing spaces across five cities rose 7 per cent to 10.8 million square feet in January-June period on better demand, according to Colliers India

Macrotech Developers to provide warehousing space to Skechers near Mumbai

Realty firm Macrotech Developers Ltd on Wednesday said it will provide 1.1 million square feet of warehousing space to Skechers, a global athletic footwear and apparel brand, at Palava near Mumbai. Macrotech Developers markets its real estate properties under the Lodha brand. In a statement, the company said it has "closed a built-to-suit transaction with Skechers to develop 1.1 million square feet at National Distribution Centre (NDC) at Lodha Industrial and Logistics Park, Palava". The development will be undertaken by Palava Induslogic 2, where Macrotech Developers and an affiliate of Morgan Stanley Real Estate Investing (MSREI) have partnered for developing a warehouse park spread across a 72-acre land parcel. The new Skechers distribution centre will be undertaken in two phases, with the first phase being delivered in mid-2023. The logistics centre will be the second-largest NDC for Skechers in Asia and is also expected to be one of the tallest warehouse structures in ...

Logos to buy Shriram Properties 90 acre land in Kolkata for logistics park

Realty firm Shriram Properties Ltd on Monday said it plans to sell up to 90 acres of land in Kolkata to Logos for development of logistics and warehousing park.

Welspun group co to build 1 mn sq ft warehousing for Bengaluru City Region

Will invest Rs 300 crore in the project, which is coming up on 40 acres at Malur-Hosur road in Tamil Nadu

150-fold spike in warehousing space to expand logistics pie for Adani Ports

Another near-term trigger for the stock would be the September quarter performance

Puravankara hits pause button on warehousing JV with Morgan Stanley

Morgan Stanley is scouting for deals, signing JVs in warehousing

Grade-A warehousing stock up 3.5% QoQ in second quarter of CY 2021

Trends in supply and absorption within Mumbai run opposite to those in Delhi NCR

Govt looks to monetise warehousing assets worth Rs 28,900 cr under NMP

The Centre plans to monetise warehousing assets owned by state-owned firms FCI and CWC over the next four years for an estimated Rs 28,900 crore under the National Monetisation Pipeline (NMP).

Realty builds on data centres, warehousing amid Covid-19 pandemic

Propelled by online retail and a shift to virtual working and learning, the two segments are driving business for logistics firms at a time when demand for office space has shrunk

Leasing of warehousing space slumps 23% across 8 cities in FY'21

Leasing of warehousing space fell by a maximum of 42 per cent in Ahmedabad and Pune during the last fiscal at 3 million sq ft and 2.8 million sq ft, respectively.

Amazon may lose its logistics business under US antitrust legislation

Democrat Pramila Jayapal proposes company be barred from luring sellers to use its logistics services in exchange for preferential treatment on it web store.

Blackstone closes in on warehousing developer Indospace for top spot

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics

Warehousing yields decline as global players race to invest in assets

Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals

Warehousing demand likely to grow 160%to reach 35 mn sq ft in 2021: Report

Warehousing demand is expected to grow around 160 per cent to reach 35 million square feet in 2021, if no further lockdowns occur, said a JLL report

Welspun One Logistics Parks launches Rs 500 cr warehousing focused fund

Named Welspun One Logistics Parks Fund I" the fund is a SEBI-registered Category II AIF

New investors flock to warehousing as existing ones rush for exit door

Savills Research expects private equity investors to assess an opportunity of around $330 million in the industrial and warehousing segments in 2021

FM Logistic India plans to invest Rs 180 crore in intra-city warehousing

A focus point will be technology and last-mile delivery flow optimisation and organisation," Alexandre Amine Soufiani, managing director, FM India Supply Chain, told Business Standard