Page 46 - ITLN January - February 2025

News

Alta Capital-owned EcoBox VRL buys 5 lakh sq ft transhipment

Industrial Parks acquires 50 hub in Bengaluru for ₹229 crore

acres in Chennai
RL Logistics announced that it has purchased
Va 5 lakh sq ft transhipment hub with an
aggregate area of 27 acre for 229 crore at
Nelamangala, Bengaluru.
VRL has been occupying the facility on a
lease basis for the last 10 years. The acquisition
was funded by internal accruals as well as a
term loan of ₹185 crore from HDFC Bank. The
company has been in possession of the said
premise on a lease basis for over 10 years
and has been using the said property for its
transhipment operations at Bengaluru.
VRL informed that the hub is critical to the
coBox Industrial Parks, a management firm Alta company’s South India operations and the owner
Enewly formed operating Capital, has a total footprint sought to dispose of the said property given his old
platform of Alta Capital’s 13 mn sft, making it the 5th age and perceived inability to monitor it going ahead.
Logicap Advisors, has largest logistics platform It also reported that the hub handles around 3,000
acquired 50 acres of land for in the country. Founded by tonnes of cargo daily. Savings in lease rental was
greenfield development in Siddhartha Gupta in 2021, noted as one of the tangible benefits of ownership
Mannur, Chennai. former MD of Blackstone by VRl. “Presently we are paying a monthly lease
The project located three India, Alta Capital is the rent of ₹1.31 crore including GST. Thereby the
km from SH 50, with a sole operating partner of annual savings would translate to ₹15.72 crore,”
planned development area of Rava Partners in India. Rava it reads. The hub is located along the Mumbai –
1.2 million square feet (mn Partners is the real estate Bengaluru (NH-4 / AH 47), offers connectivity to
sft) and an investment outlay division of Singapore based the southern states and is ideal for connecting the
of over ₹400 crore, will serve Hillhouse Investments. Southern states to Western and Northern India. The
the increasing demand Rava Partners has invested area is also near the proposed Queen City township,
for modern industrial and over $2.5 billion in Asia off the planned new Bengaluru airport, the Somapura
logistics facilities in India. which over $1.1 billion is Industrial Area and the upcoming Vasantnarasapura
Logicap Advisors, the committed in India through Industrial areas.
logistics arm of investment Alta Capital.

Sumadhura leases warehouse to Zepto, NX Logistics in Bengaluru

umadhura Group has logistics operations of Zepto
Sleased a 1.8 lakh sq. across multiple categories.
ft warehousing facility to The first phase of
Zepto and NX Logistics India Sumadhura Logistics
(Part of Nippon Express) at Park involves a planned
the 100-acre Sumadhura investment of ₹600 crore to
Logistics Park in Bengaluru. deliver 2.5 million square feet
This facility is part of of warehousing space, with
Sumadhura’s partnership a plan to expand to 6 million
with NX Logistics India, which square feet in subsequent
involves a lease agreement phases. Sumadhura Logistics
for 1.8 lakh sq. ft. The facility Park has delivered 5,00,000
is subleased to Zepto and is sq. ft space till today and
equipped with infrastructure plans to complete 8,00,000
to support the storage and sq.ft by March 2025.
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