MSREI- Prakhhyat Group inks warehousing project pact
Morgan Stanley Real Estate Investing (MSREI) has tied up with Mumbai-based Prakhhyat Group to develop a 7 lakh square feet warehousing project at K Square Logistics Park in Bhiwandi near Mumbai. This marks MSREI’s entry into the Bhiwandi micro-market of Mumbai and takes its total portfolio of logistics assets to over 56 lsf across the country. The project, branded ‘One K-Square’, will be built across 25 acres of land with top specifications. The development will offer warehousing solutions to institutional customers from e-commerce, third party logistics players. Prakhhyat Group will be the development manager and will be responsible for project execution, leasing, and asset management.
📅Published on:
30 August 2023
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