Embassy Industrial Parks on Friday said it has given on lease 3.5 lakh sq ft of warehousing space to German firm Rhenus Logistics in its Farukkhnagar facility being developed at a cost of Rs 500 crore.
Embassy Industrial Park is a joint venture between Bengaluru-based realty firm Embassy group and private equity firm Warburg Pincus.
Rhenus Logistics is a leading global third-party logistic firm with a 5.1 billion euros turnover. It has 31,000 employees across 660 sites.
Rhenus India provides integrated logistics solutions. It is operating out of 69 offices and warehouses across the country with an employee strength of over 1,600.
Aditya Virwani, spokesperson Embassy Industrial Parks and COO of Embassy Group, said: "Rhenus Logistics is an esteemed addition to our third-party logistics clients list associated with us in our Farrukhnagar facility."
Marcus Fornell, Director Contract Logistics, Rhenus Logistics added, "This is a flagship facility of Rhenus India with state-of-the-art infrastructure, equipped with modern technology."