Page 41 - ITLN-September-October-2024-Issue-for-Website

News

Macrotech buys 2 firms to bolster logistics

park, warehouse vertical

he real estate firm Macrotech its capabilities in the sector,” reads
TDevelopers (formerly Lodha the release.
Developers) has announced the In its stock filling to BSE,
acquisition of Opexefi Services and Macrotech Developers informed
One Box Warehouse. that both Opexefi, incorporated on
The company acquired Opexefi December 06, 2018, and One Box,
Services for₹47 crore and One Box incorporated on October 06, 2023,
Warehouse for ₹49 crore. are in the business of development
“Through the acquisition of 100% of logistics parks and warehouses
equity in both entities, Macrotech and the total turnover for last 3
Developers aims to strengthen years and one year respectively
its logistics park and warehouse is ₹ NIL as there are no business
development vertical, enhancing operations conducted.

CWC selects Horizon TVS ILP enters Andhra Pradesh

as lead partner to with 3 lakh sqft facility in Vijayawada

develop warehouses

orizon Industrial Parks, such as e-commerce, retail,
Ha logistics platform in third-party logistics, and cold
India owned and managed by chain, says an official release
Blackstone Real Estate funds, from Horizon.
has been chosen as the “Most of the portfolio is
lead partner by the Central located in last-mile areas
Warehousing Corporation, a across the National Capital
public warehouse operator Region, Chennai, Mumbai,
under the Ministry of Pune, and Bangalore, close to VS Industrial and Logistics Parks (TVS
Consumer Affairs, Food residential neighbourhoods TILP) has expanded to Andhra Pradesh
& Public Distribution, to and city centres. With a with a warehousing facility spanning 13 acres
manage a portfolio of 13 last- development potential of in Vijayawada.
mile logistics assets. 2.4 million square feet, this With a built-up area of 3.2 lakh square feet, the
Over a 45-year partnership, represents one of the largest warehouse's strategic location offers excellent
Horizon Industrial Parks will last-mile logistics portfolios connectivity to the airport, railway station, and to
redevelop government-owned in India. An investment of National & State Highways. Vijayawada, a key hub
assets into modern, Grade-A approximately Rs 700 crore has in South India, has long been recognized for its
facilities designed for tenants been committed to support the strategic location and robust connectivity, making
in rapidly growing sectors expansion of this portfolio.” it an ideal location for industrial growth.
Aditi Kumar, Executive Director, TVS ILP, said,
“TVS ILP's entry into the Andhra Pradesh market
aligns with the state’s growing significance to
become a logistics hub. It is also in line with
our strategy to expand in the eastern corridor
of India. TVS ILP’s presence in Vijayawada is set
to support the growth of various industries by
providing them with advanced, sustainable, and
efficient infrastructure.”

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www.itln.in September - October 2024