Warehousing

Warehousing developer Pragati Group raises $200mn from Singapore based fund

/ -- NCR-based Industrial and Logistics real estate developer Pragati Group, has raised $200 Million of equity capital from a Private Equity fund based in Singapore. Pragati has been offering customized warehouse development solutions since its inception in 2010 to top MNCs like Amazon India, Flipkart, DHL-Bluedart, Bosch, Daikin, and many more. The Singapore based fund has committed to invest $200 Million with Pragati Group towards development of industrial and logistics real estate assets as per the deal signed in Q3 FY 2022. Part of the deal involved acquisition of 2 international grade operational assets of approx. 2 million sft of GLA in NCR, Pragati One & Pragati Farukhnagar Logistics Parks, providing successful exit to the previous financial partner Morgan Stanley. Part of the deal also saw this fund acquire an equity stake in Pragati. Col. Jitender Yadav, Founder of Pragati Group said, "Pragati's vision is to be one of the top 5 industrial & logistics real estate ...

Ekart to offer warehousing services to brands, manufacturers and retailers

The end-to-end warehousing services by Ekart will include ready-to-use warehousing space, order management, integrated logistics, and inventory management

UP govt's new warehousing, logistics policy will encourage pvt sector: MoS

Union Minister of State for Commerce and Industry Anupriya Patel, on Sunday, praised the efforts of Uttar Pradesh in achieving the national target of reducing logistics costs

UP govt approves Warehousing Logistics Policy 2022; aims for $1 trn economy

The Uttar Pradesh government's Cabinet on Thursday approved the 'UP Warehousing and Logistics Policy-2022', state's industrial development minister Nand Gopal Gupta said, stressing that the move will help it become a "USD 1-trillion economy". The policy's approval comes ahead of the Global Investors' Summit scheduled to be held in Lucknow in February 2023. "The objective of this policy is to create a strong transport infrastructure network, upgrade and improve the existing warehousing and logistics infrastructure," Gupta said. He said the 'Uttar Pradesh Warehousing and Logistics Policy 2022' will prove to be very useful in creating an international-level business environment and developing logistics ecosystem in the state in view of the development of new technologies in the rapidly changing global economy. "On the other hand, the infrastructure of facilities like storage facilities, logistic park, dry ports and cargo terminal etc. will get an expansion. It will help in making the

Office net absorption set to rise 50% YoY in 2023 to 40 mn sq ft: JLL study

Home sales to hit 200,000 units by 2022-end, the highest in over a decade

PE investment in real estate down 17% to $5.13 bn; inflow up in warehousing

Private equity investment in real estate fell 17 per cent this year to USD 5.13 billion as investors turned cautious amid geopolitical and inflationary concerns, according to Knight Frank India. Private equity (PE) investment, in both pure equity and debt form, declined in housing, office and retail segments during 2022, whereas it increased in warehousing assets when compared with last year. As per the Knight Frank data, PE investment in warehousing increased 45 per cent to USD 1,907 million this year from USD 1,313 million last year. In office assets, PE investment dipped 19 per cent to USD 2,331 million this year from USD 2,882 million in 2021. PE inflows were down 50 per cent in the housing segment to USD 594 million in 2022 from USD 1,187 million last year. In retail assets as well, PE investment declined 63 per cent to USD 303 million this year from USD 817 million in 2021. Overall, PE investment has fallen to USD 5,134 million (USD 5.13 billion) this year from USD 6,199 .

Warehousing and logistics supplies likely to double by 2030: Report

Warehousing and logistics supplies are likely to double to cross 700 million square feet by 2030, for which more than USD 20 billion additional investment is needed, a report said on Thursday. According to a report by the CBRE Group, which is the world's largest commercial real estate services and investment firm, during the first nine months of 2022 saw the sector getting only about USD 144 million across greenfield and brownfield assets from global investors. The report said that leasing activity in the segment grew 40 per cent to 9.2 million square feet in the third quarter over second quarter. The warehousing and logistics sector requires at least USD 20 billion of fresh investments by 2030 to develop incremental warehousing spaces, most of which will be needed in tier-II and III cities, said the report. It is also estimated that the warehousing and logistics stock will double by 2030 to cross 700 million square feet as occupiers continue to expand across segments such as ...

Amazon faces $280 mn lawsuit from Vietnamese supplier for post-Covid cuts

Gilimex Inc. said it was a key partner of Amazon from 2014 to 2022, investing tens of millions of dollars in manufacturing facilities to build the steel-and-cloth storage pods

Indian warehousing needs $3.8 bn to meet 223 mn sq ft demand in next 3 yrs

Top-3 sectors, namely, 3PL, e-commerce, and manufacturing & automotive, account for a 78 per cent share of warehouse leasing space across seven cities

Here is why bidders are keen on Future Group's logistics, warehousing arm

Sources say these companies have expressed their interest in Future Retail assets in the hope that they will acquire assets of Future Supply Chain Solutions as well

IndoSpace to invest Rs 3,000 cr in warehousing, logistics space in K'taka

Industrial and logistic parks developer IndoSpace on Friday announced that it will invest Rs 3,000 crore in Karnataka's warehousing and logistics space. The firm already has a strong footprint in the state with its Grade-A industrial parks operational in Bommasandra, Nelamangla I and upcoming facilities in Nelamangala II and Naraspura. IndoSpace said it has signed an initial pact with the Karnataka government for this proposed investment in the state. The pact is for a period of seven years and expected to generate 14,000 new jobs. This investment will help attract further investments in the state and help meet the increasing demands of industries linked with warehousing and logistics, the company said. Karnataka has a growing base in sectors like automobile, electronics, aerospace, agriculture, textiles and engineering and IndoSpace looks to help these industries with warehousing and logistics facilities, said Rajesh Jaggi, Vice Chairman for Real Estate, Everstone Group. IndoSpa

Warehousing biz grows 45% in first 9 months of 2022 amid headwinds: Experts

Net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves

P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges

The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Warehousing rents in Mumbai, Bengaluru, Delhi-NCR up 7.2% in FY'22: Report

Warehousing rents in Mumbai, Bengaluru and Delhi-NCR rose by an average 7.2 per cent during the last fiscal on higher demand from third party logistics, e-commerce and manufacturing sectors, as per a report. In its Asia-Pacific Logistics Highlights H1 2022 report, Knight Frank said Mumbai saw an annual growth of 9.3 per cent in prime warehousing rents to Rs 265 per square feet per year in the last fiscal, from Rs 243 per square feet in the previous year. Warehousing rent in Bengaluru rose 6.4 per cent to Rs 240 per sq ft per year, while that in Delhi-NCR increased by 5.9 per cent to Rs 227.40. On a 12-month outlook basis, the consultant said the prime logistic rents across Mumbai, Bengaluru and Delhi-NCR are expected to increase on the back of sustained demand from third party logistics, e-commerce and manufacturing sectors. Shishir Baijal, chairman and managing director, Knight Frank India, said, "Rents for warehouses in India witnessed a substantial growth signifying resiliency .

Warehousing development law: Centre proposes more penalties

In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form

Leasing of industrial & warehousing space up 7% in Jan-Jun across 5 cities

Leasing of industrial and warehousing spaces across five cities rose 7 per cent to 10.8 million square feet in January-June period on better demand, according to Colliers India

Macrotech Developers to provide warehousing space to Skechers near Mumbai

Realty firm Macrotech Developers Ltd on Wednesday said it will provide 1.1 million square feet of warehousing space to Skechers, a global athletic footwear and apparel brand, at Palava near Mumbai. Macrotech Developers markets its real estate properties under the Lodha brand. In a statement, the company said it has "closed a built-to-suit transaction with Skechers to develop 1.1 million square feet at National Distribution Centre (NDC) at Lodha Industrial and Logistics Park, Palava". The development will be undertaken by Palava Induslogic 2, where Macrotech Developers and an affiliate of Morgan Stanley Real Estate Investing (MSREI) have partnered for developing a warehouse park spread across a 72-acre land parcel. The new Skechers distribution centre will be undertaken in two phases, with the first phase being delivered in mid-2023. The logistics centre will be the second-largest NDC for Skechers in Asia and is also expected to be one of the tallest warehouse structures in ...

Logos to buy Shriram Properties 90 acre land in Kolkata for logistics park

Realty firm Shriram Properties Ltd on Monday said it plans to sell up to 90 acres of land in Kolkata to Logos for development of logistics and warehousing park.

Welspun group co to build 1 mn sq ft warehousing for Bengaluru City Region

Will invest Rs 300 crore in the project, which is coming up on 40 acres at Malur-Hosur road in Tamil Nadu