Lodha has partnered with Skechers, a global lifestyle, athletic footwear and apparel brand for building their National Distribution Centre at Lodha Industrial and Logistics Park, Palava.

Lodha, known for building world’s finest developments, will now be developing this landmark warehouse which will be the tallest warehouse in India with the height of 17m at the eaves and 24m at the highest point. The 1.1 MM sq.ft. warehouse will be Skechers’ second largest distribution centre in Asia. With focus on ESG, the building is pre-certified as IGBC- Platinum and will also be the first warehouse building in Western India to have FM1 super flat flooring.

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Lodha announces $1 billion partnership with Ivanhoe Cambridge, Bain Capital to develop Green Digital Infrastructure Platform

Each of the three partners will have around 33% equity interest in the property ownership, whilst Lodha will lead the development, operations, and management of the assets.

Real estate developer Lodha on May 11 announced a partnership with Bain Capital and Ivanhoé Cambridge to set up a next-generation green digital infrastructure platform that will invest $1 billion for developing digital infrastructure that includes logistics and light industrial parks as well as in-city fulfilment centres across the country.

The venture to develop Green Digital Infrastructure for India’s digital economy with an investment of around $1 billion, aims to create about 30 million sq ft of operational assets to serve India’s digital economy.

There is a huge demand for Grade-A digital infrastructure in our country. On the backdrop of this demand and enabling multitude of job opportunities in the country, the deal is slated to line up a planned development across geographies in India.

Lodha will be responsible for developing, operating, and managing the platform assets through a dedicated entity and has already built a strong capability network for the said entity. The company has already started looking at the pan-India acquisitions of land and other core value-add assets.

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Lodha, Morgan Stanley Real Estate to develop 72-acre logistics park at Palava near Mumbai

Morgan Stanley Real Estate Investing (MSREI) has entered into an agreement to develop a logistics park spread over 72 acres at Palava Industrial and Logistics Park (PILP) near Mumbai.

As per the agreement, Lodha would further act as the development manager for the project, responsible for leasing, project development, and asset management.

Real estate developer Lodha Group on Thursday said it has closed a deal with an affiliate of Morgan Stanley Real Estate Investing (MSREI) to develop 1.9 million square feet at Palava Industrial and Logistics Park (PILP) near Mumbai. It will build Grade-A warehousing facilities across 72 acres with an investment of ₹600 crore.

“Our marquee acquisitions and key partnerships for PILP have helped us establish a solid track record in the logistics sector. Through this formidable collaboration, we will leverage our development expertise along with MSREI’s industrial know-how as we expand and enhance the best-in-class industrial park. These are exciting yet crucial times for us as we expect more such strategic partnerships in the near future,” said Shaishav Dharia, chief executive, townships and rental assets, Lodha Group.

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Warehousing on Demand

Shaishav Dharia, CEO – Townships and Rental Assets, Lodha Group, talks about Mumbai’s fast-emerging industrial and logistical destination.

What are the services offered by the Lodha Group?

Palava Industrial and Logistics Park (PILP) has emerged as Mumbai’s preferred industrial and logistics destination. The Grade-A industrial and logistics park planned across 800 acres is being designed with sustainability at the core, for creating long-term value for the clients. With 300 acres already under development, the park is located in close proximity to the industrial hub of Navi Mumbai – Taloja MIDC. It offers manufacturing companies a ready ecosystem of skilled and semi-skilled labour, transportation ecosystem and ancillary industries. Moreover, the park enjoys excellent connectivity to JNPT, the upcoming Navi Mumbai International Airport, and the upcoming Multi-Modal Corridor making it a hub for logistics and warehousing.

It is part of the 4,500-acre Palava city that provides a ready social ecosystem with high-quality residences, social housing, world-class education, healthcare and much more. PILP offers clients the full suite of options to set up operations, whether in terms of leasing or buying Built-to-Suit buildings, or buying land for construction, along with easy scalability and expansion options. With clean marketable land titles, all statutory approvals and permits in place, the park offers a complete hassle-free on-boarding and operations to the clients.

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Japan’s Flyjac Logistics buys 22.3-acre land parcel at Lodha’s industrial park near Mumbai

Flyjac Logistics, subsidiary of Japanese logistics company Hitachi Transport System Group, has acquired an over 22.3-acre land parcel from Lodha Group at its Palava Industrial and Logistics Park (PILP) near Mumbai.

Both the entities–Lodha also known as Macrotech Developers and Flyjac, which is one of the largest integrated logistic service providers–have already signed the deal. The land parcel has a total development potential of 1 million sq ft.

Flyjac Logistics, one of the largest integrated logistic service providers, already has such warehousing facilities operational across India. However, this transaction represents their first outright buy of land parcel in western India to set up a warehousing facility. Most of the third-party logistics major’s warehousing facilities in western region are leased assets.

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Lodha Group strengthens its leadership team

The group appoints Ramit Chopra as National Head – Business Development & Leasing Team (Industrial and Logistics Parks) and Veeresh Rao as Technical Head (Industrial and Logistics Parks)

Lodha Group, India’s real estate developer by residential sales, strengthens its leadership team of Industrial and Logistics business with new appointments. The group appoints Ramit Chopra as National Head – Business Development & Leasing (Industrial and Logistics Parks) and Veeresh Rao as Technical Head (Industrial and Logistics Parks). The Group’s current focus will be on the development of Palava Industrial and Logistics Park (PILP).

Ramit Chopra is an expert in lease transactions, deal negotiations, and investment strategies. His key responsibility at the Group will include leading the industrial and logistics vertical growth across cities. Additionally, he will be instrumental in strengthening Lodha Group’s land acquisition capability and building a national & global network. He comes with 18+ years of strong experience in real estate with over 10 years of exposure in logistics and warehousing developments across India. Before joining Lodha, Ramit has held various leadership roles across the country in firms like Indospace and Embassy Industrial Parks [Warburg Pincus]

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