06 December 23
One of the biggest developers in the world set for 7-8 m sq ft growth by next fiscal.
Bengaluru: Panattoni, one of the largest industrial real estate develo- pers in the world, plans to invest over €100 million in the Indian mar- ket with a total built-up area of 7-8 million sq ft by the end of the next fi- scal year.
The firm has also acquired 18 acres of land for its maiden project in India. Phase 1 of the project covers an expansive 717,000 square feet, with a potential built-up area of 360,000 square feet, еxресted to be completed by January 2025.
This investment emphasises Panattoni’s commitment to contributing significantly to the country’s industrial growth.”
We intend to expand the land holdings in the same vicinity.
The Firm has also acquired 18 acres of land for its maiden project in India.
Situated along National Highway 352 (formerly known as National Highway 71) in the bust Delhi-NCR region, surrounded by a robust warehousing cluster encompassing Luhari on one side and Farruk“`hna- gar, the park benefits from its proximity to a large congregation of significant retailers, 3PL, e-commerce, and industrial occupiers.
Panattoni’s initial focus will be on the top four Indian cities: Bangalore, Pune, Chennai and Delhi-NCR. The company plans to tap into e- commerce clients, followed by light industrial manufacturing companies, to grow network in the country
It will develop warehousing and industrial facilities ranging between 30 and 200 acres across major cities.
Source- The Economic Times