ESR Group, a leading logistics and industrial real estate developer, has leased out 48,800 square feet of industrial space to UPM Raflatac in Navi Mumbai. This transaction marks a significant expansion for UPM Raflatac, a global supplier of pressure-sensitive label materials.
The leased space, located strategically in Navi Mumbai, is part of ESR's premium industrial park offering. The facility is equipped with state-of-the-art infrastructure tailored to meet the operational needs of modern industrial and logistics tenants like UPM Raflatac.
According to sources familiar with the deal, UPM Raflatac's decision to lease this space underscores its strategic growth plans in the region. The industrial park's proximity to major transport routes and its advanced amenities were key factors influencing UPM Raflatac's choice.
ESR Group, known for its robust portfolio of industrial and logistics properties across Asia-Pacific, continues to expand its footprint in India's thriving industrial real estate sector. The leasing agreement with UPM Raflatac exemplifies ESR's capability to provide tailored solutions that meet the evolving needs of global industrial players.
