This will be the largest foreign direct investment (FDI)-driven integrated private industrial and logistics development in India.
Ivanhoe Cambridge further plans to continue exploring more investment opportunities in Maharashtra, Tamil Nadu, and Gujarat. LOGOS and its venture partner, Ivanhoe Cambridge, have acquired an additional 66 acres in Chakan, taking the Chakan Industrial Estate’s total land area to 143 acres. The site is situated at the automotive hub and will support ancillary units. This transaction follows their acquisition of 77 acres in May. The combined 143-acre site is expected to have a potential for total development of over 3.5 million sq. ft. (msf) to meet economic demand for prime industrial development in the region.
Both the land parcels are adjacent to the Chakan industrial area, a region which is considered to be one of Asia’s largest industrial hubs with more than 1,000 manufacturing enterprises, including electronics, engineering, automobile, and electric vehicles (EV) companies. This acquisition demonstrates the company’s long-term commitment in the Indian logistics and industrial sector, with high demand for AAA-grade infrastructure helping India’s manufacturing growth and related demand for quality and sustainable development.
The Chakan Industrial Estate represents LOGOS’ fifth project in India, including developments in Bengaluru, Chennai, the National Capital Region, and Pune, with a total potential development area of more than 10 msf.
LOGOS Chakan Logistics Estate is being acquired within the LOGOS India Logistics Venture, anchored by Ivanhoe Cambridge, which has a USD 400 million commitment to develop and own high-quality, modern industrial and logistics facilities in key Indian markets. LOGOS, part of the ESR Group, is a logistics specialist with operations across 10 countries in Asia Pacific.
