Mahindra Logistics, Ascendas-Firstspace to collaborate to build warehouse park in Pune

28 Mar 2023 , 12:40 PM

Mahindra Logistics and Ascendas-Firstspace have collaborated to develop a multi-client warehouse park in Pune’s Talegaon, which will cover an expansive area of one million square feet.

The development will take place in three stages, with the initial phase involving the construction of 500,000 square feet, and is projected to be operational by the conclusion of 2023-24.

The Ascendas-Firstspace Pune Talegaon-II Logistics Park, located on a sprawling 40-acre plot, marks the second initiative by Ascendas-Firstspace in the Talegaon micro-market.

Talegaon-II is situated within the Chakan Talegaon Industrial Corridor (CTIC), which is recognized as one of India’s most significant manufacturing hubs.

The establishment of the multi-client warehouse park in Pune’s Talegaon is a critical component of Mahindra Logistics’ all-India network of multi-user facilities, located within a strategically significant industrial cluster.

Aloke Buniya, the CEO of Ascendas-Firstspace, expressed his eagerness to broaden the scope of the collaboration between the two companies by extending their partnership to additional ventures throughout India.

Buniya affirmed the company’s steadfast commitment to building a sturdy logistics and industrial park network in India’s critical strategic logistics nodes and manufacturing clusters and maintaining a dependable partnership with their clients.

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