6 months ago
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Blackstone, a New York-based backstage equity firm, volition put astir ₹7,00 crore successful Casagrand Industrial & Warehousing, to make 2 concern and logistics parks successful Tamil Nadu. The projects are expected to scope a gross improvement worth of ₹1,500 crore upon completion, expected wrong 24-30 months.
Casagrand Industrial & Warehousing, which specialises successful concern abstraction and warehousing some dedicated and multi-user successful strategical locations, has entered into a strategical concern woody with Blackstone, to make 2 large-scale industrial, logistics and warehousing infrastructure, measuring cumulatively 4.2 cardinal sf.ft, crossed 154 acres successful Sriperumbudur, Chennai.
According to a communique from Casagrand, operation enactment connected some parks volition statesman shortly, with phased improvement planned to conscionable rising concern request successful the Sriperumbudur corridor. Part of the projects are already pre-leased to an automotive steadfast for processing an auto-spare parts consolidation installation and is besides further expected to pull a premix of planetary and home occupants.
Arun Mn, Founder, Chairman and Managing Director, Casagrand Group said, “With Blackstone’s planetary expertise and our heavy determination understanding, we are assured of mounting a caller benchmark for concern infrastructure successful the country.’’
Built to accommodate e-commerce, 3PL (third enactment logistics) and a wide spectrum of manufacturing occupiers, the developments purpose astatine introducing a caller tier of institutional-grade logistics & Industrial assets to 1 of India’s astir dynamic concern corridors, arsenic per the media statement.
