Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, have formally launched joint venture Ample Parks, an Indian industrial and logistics real estate developer and operator.
The platform has been set-up with a highly experienced management team, with Chief Executive Officer Akash Rastogi appointed to lead the company. Ample Parks aims to acquire and develop approximately 1.5 million square metres of greenfield and brownfield sites in key markets across India over the next few years with the aim of establishing itself as a leading industrial and logistics real estate solutions provider to global and local corporations.
The business has completed its first acquisition, a prime 70 acres industrial land parcel within Mahindra World City, Chennai, to develop an integrated industrial and logistics park with institutional grade buildings. The project will seek to attract top-tier industrial occupiers, allowing them to benefit from Mahindra World City’s infrastructure, accessibility and skilled manpower availability. It will be strategically located in India’s first integrated business city, with excellent road, rail and port connectivity as well as support and social infrastructure.
You can now read the full press release at the link below
