ESR partners with Future Group to set up state of the art industrial and warehousing parks

In Nagpur and Jhajjar (NCR)

ESR India Investments Holdings, a subsidiary of Asia Pacific's leading logistics real estate platform ESR, announced a strategic alliance with Future Group through Future Market Networks. It is estimated that an investment of nearly Rs.300 Crore (approximately US$42 million) shall be made to develop two state-of- the-art industrial and warehousing parks to service the northern and central regions.

This collaboration is aimed to set new standards for the warehousing and industrial real estate sector and benefit from the burgeoning e-commerce growth in these regions. The two sites, with a total area of approximately 75 acres and a developable area of approximately 1.3 million sq. ft. will be jointly developed by Future Group's Future Market Networks and ESR, with ESR as the majority partner. The projects will deliver institutional grade facilities, aligning with ESR's best-in class modern technologies and know-how.

 

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