Mahindra Logistics opens its largest multi-user facility in Pune

The space was expected to be handed over in April but it has commissioned earlier than expectations.

Feb 22, 2018 08:02 IST India Infoline News Service

Mahindra Logistics
Mahindra Logistics has signed, Chakan (Pune) based Embassy Industrial Parks, one of the largest spaces in the country comprising of built-to-suit facilities ranging from 50,000 sq. ft. to 2lakh sq. ft. in size. The facility is ready to lease for warehousing purpose.

Embassy Industrial Parks is a joint venture between Embassy Group, India’s leading property developer and Warburg Pincus, a leading global private equity player.

Chakan is an automotive belt and Mahindra Logistics already has some existing relationships and volumes, hence it will be utilized properly, as per the company expectations. Additionally, this warehouse is also owned by the big investors, as mentioned above, hence it is expected to be a better facility than the individual owned warehouse.

The space was expected to be handed over in April but it has commissioned earlier than expectations. This is a positive news on the counter.

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