Eye on e-commerce, ESR plans one 'plug & play' warehouse every quarter

'Plug-and-play' buildings or 'speculative buildings', as ESR calls them, are ready buildings that have facilities like power, water and so on

ESR, promoted by private equity major Warburg Pincus and its (ESR's) senior management, is looking to develop one ‘plug-and-play’ warehouse every quarter. This will help it tap the growing demand from e-commerce, pharma and other sectors. ESR is also the largest warehousing company in the Asia-Pacific, in terms of value of assets held.

‘Plug-and-play’ buildings or ‘speculative buildings’, as ESR calls them, are ready buildings which have facilities like power, water and so on. 
 

They can be used by tenants against ‘built-to-suit’ buildings, which are developed in accordance with specifications given by tenants.

“These buildings (plug-and-play) are a major focus