Avigna leases out first million sqft to Whirlpool, Stellar, Wakefit at Hosur

June 2, 2021: Avigna Industrial & Logistics Park leases out their first 1 million sq ft space of industrial warehouse at Hosur Park in Tamil Nadu to marquee brands.

The company has handed over 58,000 sq ft to the multinational manufacturer of home appliances, Whirlpool, marking Avigna’s first venture with a Fortune 500 company. In addition to this, they have handed over 2.54 lakh sq ft to the consumer supply chain company Stellar Value Chain and 3.44 lakh sq ft space to the online mattress brand Wakefit along with a grade A built-to-suit facility of 2.69 lakh sq. ft for them.

Abhijit Verma, executive director & CEO at Avigna Group, said, “What you see is what you believe. It gives me immense pride to announce our first milestone in handing over the facility to the first set of blue-chip brands. This is a great achievement for Avigna Group and a step ahead in our vision to bring a holistic approach to the Indian warehousing space by integrating state of the art technology, logistics and supply chain.”

He added, “The precision with which we were able to deliver during these difficult times, got clients coming back to us providing EOIs and LOIs for all India requirements which in turn has helped in accelerating the growth plan of Avigna Group”.

Also read: 10 million sq ft warehousing space in 4 years with ₹2000 cr investment

Avigna Group is looking at a PAN India expansion and is currently building warehousing space of 3 million sq ft each in Hosur (Tamil Nadu) and Hoskote (Karnataka), 1 million sq. ft each in Chennai (TN) and Nellore ((Andhra Pradesh) and 2 million sq ft in Madurai (TN). Besides this, Avigna Group is envisaging to expand its base at Bhiwandi in Mumbai, Farruknagar in Haryana, Jaipur and Kolkata.

Avigna Group has warehouses in Chennai, at Hosur and Hoskote in Bengaluru, and the Nellore district of Andhra Pradesh and expand its footprints in western and northern parts of the country.
In addition to this, they have plans of launching first of its kind food terminal market near Chennai and Madhya Pradesh which will align with the recently implemented farm bill which open up access for the farm produce. The food terminal market is designed to forever change the traditional concept of a mandi which will we feel will revolutionize the way farmers buy and sell, the way we trade food grains and fresh produce and catapult the whole sector into the 21st century.