LOGOS in JV to build 77-acre Logistics Park at Chakan in Pune

LOGOS, a prominent Asia Pacific logistics real estate company, and its venture partner, Ivanhoe Cambridge, have successfully acquired a 77-acre industrial land parcel in Pune's Chakan industrial area. The purpose of the acquisition is to develop a large logistics park on the site, which boasts a development potential of over 2.2 million square feet. Under the agreement, the logistics venture of LOGOS India and Canadian institutional investor Ivanhoe Cambridge will acquire LOGOS Chakan Logistics Estate and invest Rs 650 crore in the project.

Trent Iliffe, Managing Director of LOGOS, stated that the LOGOS India-Ivanhoe Cambridge logistics venture has a capacity to invest $800 million in order to develop and own high-quality, modern industrial and logistics facilities in India's key markets. The Chakan site is one of the largest industrial zoned lands in the area and has the capability to accommodate a large-scale, prime-grade industrial and logistics estate. Its strategic location offers excellent connectivity to key transport infrastructure, making it an ideal choice for industries such as e-vehicles, auto ancillary, and electronics, seeking to establish top-class industrial facilities.

The site will be master planned with a focus on sustainability-driven development, featuring Grade-A industrial and logistics buildings. With direct access to the Mumbai-Pune Expressway and Mumbai-Bangalore NH 48, the location provides convenient access to the Pune region from Mumbai's port and other important infrastructure. This makes it an attractive destination for warehousing operations serving industrial, e-commerce, and third-party logistics (3PL) customers.