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
Real Estate

Pune Records 11% Drop in Property Registrations in Nov

Property registrations in Pune saw a decline of 11 percent year-on-year in November, totaling 13,371 units, despite robust demand, according to a report by Knight Frank India. The real estate consultancy revealed that the total registrations in November 2024 generated a revenue of Rs 475 crore for the state. This marked a fall from last year's figure of 14,988 units in the same month. Compared to October 2024, when 20,894 units were registered, November’s figures represent a 36 percent decrease. Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated that Pune’s proper..

Next Story
Infrastructure Energy

Oriana Power Signs MoU with Rajasthan in Clean Energy

Oriana Power, a publicly-listed company on the NSE, announced on Monday that it has entered into a Memorandum of Understanding (MoU) with the Rajasthan government to invest Rs 10,000 crore in a series of clean energy projects. The projects will focus on solar energy, floating solar, green hydrogen, and energy storage solutions. The agreement was finalized in Jaipur during the recently concluded Rising Rajasthan Global Summit 2024. Oriana Power has identified six key locations in the state for these projects, including one in Bikaner, two in Churu, and three in Phalodi districts. Rupal Gupta, M..

Next Story
Infrastructure Energy

PM Surya Ghar Scheme Set to Surpass 10 Years of Solar Growth

The PM Surya Ghar Muft Bijli Yojana has achieved a remarkable milestone, surpassing 6.85 lakh solar installations within a year and poised to exceed a decade's worth of solar growth. The scheme, launched in February 2024, has already achieved 86 percent of the solar installations made in the last ten years. The 3-5 kW segment accounted for the majority of installations, at 77 percent, while 14 percent of installations were in the 5kW+ category. Gujarat led the charge with 2,86,545 installations, followed by Maharashtra with 1,26,344, Uttar Pradesh with 53,423, and Kerala. The scheme, which now..

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