Transactions - AUGUST 18, 2021

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Xander industrial platform buys 1msf of warehouse space in India

by Andrea Zander

Singapore-based Xander Investment Management has acquired an additional 1 million square feet of warehousing space in Free Trade and Warehousing Zone (FTWZ) at Sriperumbudur near Chennai, on the Bay of Bengal in eastern India, the capital of the state of Tamil Nadu.

The park provides class A warehousing and industrial facilities to global operators and manufacturers. Current occupiers include companies such as DHL, DB Schenker, Kerry Indev, TVS Supply Chain and Seaways Supply Chain.

“The expansion in JMFTZ is fueled by strong tenant performance and enhanced demand from existing and new occupiers. The new facilities will provide a further thrust to the logistics and manufacturing sectors in the region and act as a catalyst for more rapid economic development in Tamil Nadu. We are leveraging our expertise and knowledge to design best in class industrial/ logistics infrastructure with an emphasis on ESG and sustainability,” said a Xander spokesperson, in an

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