Skechers, the global performance and lifestyle footwear brand, completed an agreement with leading real estate developer Lodha for a new 1.1 million-square-foot distribution centre built-to-suit transaction at Lodha Industrial and Logistics Park, Palava. The centrally located distribution centre will expand the company’s existing distribution capabilities by five-fold, transitioning its existing facility to the technologically advanced centre—fortifying Skechers’ ability to grow its business in the India market over the next five to seven years.
The Skechers Distribution Centre will be undertaken in two phases. The first phase, which will be 660,000 square feet, is planned to be fully operational in mid-2023 and will be capable of shipping up to 100,000 units of footwear, apparel and accessories per day.
The expansion of an additional 440,000 square feet is planned for completion in the next three to four years. The Skechers Distribution Centre, which is expected to be one of the tallest warehouses in the region with a height of 17 metres at the eaves, is designed to be an IGBC Platinum pre-certified building.
It was essential for us to find the right developer to meet our near-term needs and drive our business forward—and the Lodha Industrial and Logistics Park supports our growth on every level. The Skechers Distribution Centre is a testament to our commitment to the India market, enabling us to serve the consumer as we achieve scale. It is a great time to be operating in India’s rapidly growing footwear category—and we have fully geared up to take this leap towards establishing a stronger presence in the country.”Rahul Vira, CEO, Skechers South Asia Pvt. Ltd
The new development will be undertaken by Palava Induslogic 2, where Lodha and an affiliate of Morgan Stanley Real Estate Investing (“MSREI”) have partnered for developing a warehouse park spread across 72 acres land parcel.