Warburg Pincus-backed Stellar to set up 35 logistics parks in 21 cities

Currently, Stellar has a total logistics area of 10 million sq ft, including five million sq ft of covered logistics space.

Warburg Pincus-backed third party logistics company Stellar Value Chain Solutions will set up 35 built-to-suit logistics parks in 21 cities in the next four years. 

The parks will have a contracted logistics space of 50 million square feet. The 21 cities where the parks will come up include four metros, five mini metros, and 12 tier-II cities, said Anshuman Singh, chairman and managing director at Stellar.

While Stellar’s partner developers and vendors will invest about Rs 10,000 crore in the parks, the company itself will invest Rs 3,000 crore inside them, and that will come from its internal accruals, debt, and private