Flyjac Logistics acquires 22.3 acre land parcel from Lodha Group
Real Estate

Flyjac Logistics acquires 22.3 acre land parcel from Lodha Group

Japan-based logistics firm Flyjac Logistics has acquired more than 22.3-acre land parcel from Lodha Group at its Palava Industrial and Logistics Park (PILP) near Mumbai.

Flyjac Logistics already has such an operational warehousing capacity across India. This transaction represents their first outright purchase of land parcels in western India to arrange a warehousing facility. Most of the third-party logistics warehousing amenities in the western area are leased property.

This is the fourth such transaction by Lodha Group at Palava Industrial and Logistics Park in the final two quarters. Batilogistic, a subsidiary of FM Logistic Group, entered an agreement to develop a 30-acre land parcel at this logistics park in April.

Flyjac is the fourth mega multi-national logistics firm to set foot into the Palava Industrial and Logistics Park within the final six months, besides from Swegon, FM Logistics and Katerra. With this, the primary park has been occupied and the developer could launch the second park over 130 acres.

The first park with concentrate on logistics and industrial improvement was launched in 2019 and since then, it has closed 170 acres with occupiers like FM Logistics, Flyjack, ESR-Lodha alliance, among others.

Flyjac Logistics is expected to begin work on growing the warehousing facility within the subsequent two months with an goal of commencing the operations right here within the subsequent 12-15 months.

Image Source


Also read: Blackstone set to become biggest warehouse landlord

Also read: Blackstone buys Embassy Industrial Parks

Japan-based logistics firm Flyjac Logistics has acquired more than 22.3-acre land parcel from Lodha Group at its Palava Industrial and Logistics Park (PILP) near Mumbai. Flyjac Logistics already has such an operational warehousing capacity across India. This transaction represents their first outright purchase of land parcels in western India to arrange a warehousing facility. Most of the third-party logistics warehousing amenities in the western area are leased property. This is the fourth such transaction by Lodha Group at Palava Industrial and Logistics Park in the final two quarters. Batilogistic, a subsidiary of FM Logistic Group, entered an agreement to develop a 30-acre land parcel at this logistics park in April. Flyjac is the fourth mega multi-national logistics firm to set foot into the Palava Industrial and Logistics Park within the final six months, besides from Swegon, FM Logistics and Katerra. With this, the primary park has been occupied and the developer could launch the second park over 130 acres. The first park with concentrate on logistics and industrial improvement was launched in 2019 and since then, it has closed 170 acres with occupiers like FM Logistics, Flyjack, ESR-Lodha alliance, among others. Flyjac Logistics is expected to begin work on growing the warehousing facility within the subsequent two months with an goal of commencing the operations right here within the subsequent 12-15 months. Image Source Also read: Blackstone set to become biggest warehouse landlord Also read: Blackstone buys Embassy Industrial Parks

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000