Ivanhoé Cambridge along with the leading Asia-Pacific logistics specialist LOGOS, are pleased to announce the acquisition of an additional 66 acres in Chakan, Pune taking the Chakan Industrial Estate’s total land size to 143 acres.
The purchase follows Ivanhoé Cambridge and LOGOS’ acquisition in May 2023 of 77 acres within the Chakan Industrial area; a region that is considered one of Asia’s largest industrial hubs with more than 1,000 manufacturing enterprises including electronics, engineering, automobile and E-Vehicles companies. The combined 143-acre site will provide the opportunity for over 3.5 million square feet of development to meet the robust New Economy demand for prime industrial development in the region.
With direct access from the 75-meter wide Talegaon Chakan Road to the Mumbai Pune Expressway and Mumbai-Bengaluru NH 48, the site, located at the focal point between Talegaon and Chakan, offers convenient access to the Pune region from Mumbai’s port and other key infrastructure. This makes it an ideal location for New Economy warehousing for industrial, e-commerce and third-party logistics (3PL) customers.
The Chakan Industrial Estate represents LOGOS’ fifth project in India, including developments in Bengaluru, Chennai, NCR and Pune, with a total potential development area of more than 10 million square feet. All assets are prime grade and adopt industrial leading ESG practices including roof top solar, dense forests cover and active energy management.
You can now read the full press release at the link below