Lodha Group inks land deal with FM Logistic at Palava Industrial and Logistics ParkIndia
● Batilogistic to develop 30 acre land parcel for FM Logistic India
● This deal is part of FM Logistic India’s plan to invest US$150 million in warehousing activities in India announced in 2019
● Agreement to purchase signed for a value of INR 106 Crores
● Strategic tie up to further boost job market in Palava City
4 April 2021: Lodha Group and FM Logistic, sister company of Batilogistic, sign a deal of INR 106 Cr to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million square feet of warehousing space. This agreement is strategically signed to catalyse the job market in the Palava region. Further expanding FM Logistic India’s businesses, Batilogistic will undertake the development of this land parcel in phases over next 3-4 years. This development is part of the 170-acre of Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha Group. With such prominent logistic players foraying into the region, the job market will witness an upsurge ensuring more opportunities in and around Palava City.
Batilogistic, the real estate sister company of FM Logistic, has global expertise in the construction and maintenance of state-of-the-art Grade A warehouses. All warehouses constructed by Batilogistic are LEED certified and FM Global certified thus, facilitating optimal operational, environmental and cost efficiencies.
Palava Industrial and Logistics Park is now emerging as a world-class hub in the Mumbai region driven by its high quality infrastructure, well planned parks and proximity to Navi Mumbai, JNPT port and upcoming international airport. Also, the park benefits from its easy connectivity to the full social eco-system of Palava City. The park offers a range of options from Built to Suit buildings to land plots with a commitment of hassle free set-up (approvals, construction, infrastructure, housing, etc).
Commenting on the deal, Alexandre Amine Soufiani, MD - FM Logistic India, expressed, “We are committed to providing our customers with high value and high efficiency Grade A warehousing infrastructure. Globally, FM Logistic, in collaboration with Batilogistic, is a pioneer in developing and maintaining Grade A warehousing facilities that provide cutting edge supply chain technologies to our customers. Through our association with the Lodha Group we will gain significant presence to service the neighbouring industrial areas of Thane, Navi Mumbai and Kalyan. The Grade A logistic facility will be designed according to the best industry standards with high spec buildings, 100% compliance to norms and stringent safety standards. This state-of-the-art facility will further enable us to provide our collaborators with a safe and healthy working environment as their safety, health and well-being is one of our top-most priorities. The logistic park will provide for sustainable use of resources - another feature why we chose to associate with this project. The said project advocates the use of green sources of energy. Solar panels will be installed for generation of clean electricity and the necessary infrastructure is in place to facilitate rainwater harvesting and the charging of electric trucks. FM Logistic India and the Lodha Group, both, share a strong sense of commitment towards customers, focus on innovation and operational excellence. This alliance was further spurred by the transparency, visibility, and the thorough processes that the Lodha Group demonstrated for the development.”
Shaishav Dharia, CEO, Townships and Rental Assets, Lodha, said, “We are very pleased to have Batilogistic choose Palava Industrial and Logistics Park to develop one of the largest warehousing projects in India for FM Logistic. Our association will go a long way towards achieving our vision of developing an industrial city and enhancing the economy and jobs at Palava. With partners like Batilogistic, we look forward to augment the development of infrastructure and ecosystem for logistics and industrial set-ups in the region. At this point, we are working with several blue-chip logistics and manufacturing clients with flexible and scalable growth options in Mumbai.”
According to the recent JLL report, warehousing demand is expected to grow around 160 percent by 2021. There is a need for grade-A warehousing, where consumers are looking for state-of-the-art fulfilment centers that are able to cater to the needs of various business, reduce delivery times, and use tech to enable cost efficiencies that can help brands to scale the growing demand of goods across India. The MMR region is the second largest Grade A warehousing hub in India. Amongst all the primary industrial regions within MMR, Palava has developed as one of the preferred locations for logistics and value added industries with the upcoming ~ 800 acre industrial park.
About FM Logistic India
FM Logistic in India is one of the key 3PL companies. It has a presence over 90+ locations and manages 6.0+ million square feet of warehousing space. FM Logistic India provides Warehousing & Distribution Logistics services for the FMCG, Retail, Automotive, E-commerce, Engineering, Telecom, Pharma and other sectors. It’s 4,000+ Indian employees provide a range of warehousing and distribution services that include Warehousing and Distribution Management, Intra-City deliveries and Value-added services. FM Logistic India has an extremely strong client base that includes several blue-chip Indian and multi-national corporations. The company is the recipient of several Logistics and Supply Chain Management awards that bear testament to the quality and focus that it brings to its customers. Its vision is to be recognized as the most dependable and responsive logistics service provider.
Batilogistic, a company of the FM Logistic Group, is a real estate player in the service of logistics. Batilogistic brings global, innovative and differentiating constructive solutions to logistics operators in Europe and Asia. It guarantees access to capital and land resources, ensures the management of built assets and optimizes the asset portfolio. Batilogistic has demonstrated its operational excellence for more than 20 years. Combining customer experience, innovation and social and environmental responsibility, it places people at the heart of its concerns.
For more information, please visit: http://www.fmlogistic.in. You can follow FM Logistic India on LinkedIn at #fmlogisticindia.