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Transactions - NOVEMBER 27, 2018

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ESR builds 1.2m sq. ft. industrial and logistics park in India

by Andrea Zander

ESR has started to build its flagship industrial and logistics development in Pune, India, ESR CHAKAN 1, located in Chakan MIDC (Maharashtra Industrial Development Corporation).

Through this development, ESR is bringing its best-in-class facilities to the Indian market — not only meeting the growing need for modern industrial and logistics properties, but also helping to drive the development of the country’s industrial infrastructure.

With a gross floor area of 1.2 million square feet, ESR CHAKAN 1 will offer both build-to-suit (BTS) solutions and standardized facilities. Equipped with best-in-class infrastructure and amenities, ESR CHAKAN 1 is one of the few developments in Chakan that can offer over a million square feet of BTS options for warehousing and industrial clients.

“India’s industrial and logistics real estate market is flourishing, thanks to the continued growth of e-commerce and consumption, as well as robust industrial demand,” said Abh

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