Post Date : December 3, 2021
The transaction representing India’s largest warehouse in a single possie took place on1st December between one of India’s biggest 3PL provider and APAC’s leading logistics specialist. Mahindra Logistics (MLL) and LOGOS announced the landmark deal recently – a long term lease agreement for 1.4 million square feet of warehousing facilities at the LOGOS Luhari Logistics Estate in Delhi-NCR – facilitated by CBRE South Asia Pvt. Ltd.
We are pleased to have partnered with MLL, one of fastest growing integrated logistics companies in India, to support their significant growth in this region. We will be delivering MLL’s three warehouses using Lean Construction, a process which involves using offsite precast, fabrication and preassembly for building and external development components. This, in conjunction with our strong local network and regional expertise, has enabled us to deliver the first facility within rigorous timelines, despite the challenges of the global pandemic.”Mehul Shah, CEO of LOGOS’ Indian business
As a part of the deal, 3 built to suit (BTS), multi-client warehouses covering a 1.4 million sq.ft. area will be developed by LOGOS at the LOGOS Luhari Logistics Estate. One of these warehouses (0.5 million sq.ft.) was completed mid-2021 and now is completely operational. The other two are under construction and will be delivered by early 2022.
Continuing our efforts in growing our warehousing business, we are delighted to announce the launch of Luhari Warehousing Facilities in partnership with LOGOS. Our focus remains on providing integrated, customized solutions for inbound and fulfillment and the warehousing network is a key element. We look forward to continued business growth from existing as well as potential customers from all regions. These new facilities set a benchmark in terms of sustainability.”Mr. Rampraveen Swaminathan, Managing Director and CEO, Mahindra Logistics Limited
MLL has planned the brand new BTS warehouses to be an important link in it’s chain of pan-India multi-client establishments managing the fulfillment and distribution of it’s client services within e-commerce, consumer and engineering industries. MLL will employ a workforce of over 2,500 people and 3rd party associates at the logistics estate.
Upholding the CSR values of both MLL and LOGOS, the Estate imbibes in itself the commitment towards sustainability. It boasts of being environment friendly with 20 acres of Miyawaki Forest Plantation, solar power generation and distribution, and sustainable waste management including liquid discharge management.
The Estate will also feature state-of-the art automation like heat mapping on the movement of trucks and people throughout the property for operational control. In addition, there will be an intelligent system to monitor warehouse air circulation, temperature, energy and water usage. MLL and LOGOS are confident that the way technology has been infused with the whole structure of the Estate will influence future design requirements of the logistics estates.
We take immense pride in being an integral part of India’s sunrise sector. Warehouse space take-up is expected to cross 32 million sf in 2021, boosted significantly by accelerated digitalization, 3PL and e-commerce players, and improved sentiments in other sectors such as engineering/manufacturing, retail, FMCG, and pharmaceuticals.”Mr. Anshuman Magazine, Chairman & CEO – India, South East Asia, Middle East & Africa, CBRE
LOGOS Luhari Logistics Estate is part of LOGOS India Logistics Venture which has US$800 million in investment capacity to develop and own high-quality, modern logistics facilities in key logistics markets of India.