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IndoSpace Core, the leading player in India's logistics and industrial real estate sector, has made a significant expansion with its recent acquisition of the Amazon Fulfilment Centre in Hyderabad from the GMR Group. This strategic move marks IndoSpace's inaugural entry into the city and strengthens its regional foothold while bolstering its relationships with tenants. The acquisition has resulted in an addition of 0.8 million square feet to IndoSpace's already impressive portfolio, now totalling approximately 58 million square feet of cutting-edge logistics and industrial infrastructure across 51 parks throughout India. This substantial growth demonstrates IndoSpace's commitment to meeting the increasing demands of the Indian market.
The acquired facility is situated in the highly advantageous Hyderabad Airport City, strategically positioned in close proximity to vital transportation hubs. This prime location ensures seamless access to the airport, major highways, railways, and exceptional connectivity to the city. With its favourable geographic placement, the facility proves to be an ideal choice for logistics operations, enabling efficient distribution networks and streamlined supply chains.
Rajesh Jaggi, the Vice Chairman of Real Estate at Everstone Group, expressed his excitement regarding the acquisition, stating, "We are thrilled to expand our presence into Hyderabad with the addition of this property to our IndoSpace Core portfolio. Hyderabad has emerged as a prominent market for logistics and real estate in India." Jaggi further emphasized the significance of this deal, highlighting how it represents a notable milestone in IndoSpace's growth journey. The company's unwavering commitment to providing world-class facilities to its esteemed clients is further underscored by this strategic move.
IndoSpace continues to prioritize its expansion efforts, actively evaluating attractive opportunities to augment its portfolio in key target markets across India. By identifying potential investments and capitalizing on favorable market conditions, IndoSpace remains dedicated to meeting the evolving needs of businesses operating in the logistics and industrial sectors.
With its latest acquisition in Hyderabad, IndoSpace is poised to leverage the city's thriving logistics and real estate market. The company's track record of delivering high-quality facilities and its proactive approach to growth solidify its position as a leading player in India's logistics and industrial real estate landscape.
This story was earlier published by ET Realty
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