Alta Capital-owned EcoBox Industrial Parks acquires 50 acres in Chennai
The project with a planned development area of 1.2 million square feet (mn sq ft) and an investment outlay of over ₹400 crore is located three km from SH 50.
EcoBox Industrial Parks, a newly formed operating platform of Alta Capital’s Logicap Advisors, has acquired 50 acres of land for greenfield development in Mannur, Chennai.
The project located three km from SH 50, with a planned development area of 1.2 million square feet (mn sft) and an investment outlay of over ₹400 crore, will serve the increasing demand for modern industrial and logistics facilities in India.
Logicap Advisors, the logistics arm of investment management firm Alta Capital, has a total footprint 13 mn sft, making it the 5th largest logistics platform in the country.
Founded by Siddhartha Gupta in 2021, former MD of Blackstone India, Alta Capital is the sole operating partner of Rava Partners in India. Rava Partners is the real estate division of Singapore based Hillhouse Investments. Rava Partners has invested over $2.5 billion in Asia off which over $1.1 billion is committed in India through Alta Capital.
Located in Tamil Nadu’s industrial ecosystem, the Mannur site acquired by EcoBox Industrial Parks offers connectivity to key industrial corridors and Chennai’s manufacturing base. The project is designed to support industries such as e-commerce, third-party logistics, and light manufacturing, strengthening the region’s supply chain infrastructure.
Ashish Shah, Chief Executive Officer of EcoBox Industrial Parks, added: “Mannur’s strategic location and connectivity make it an ideal site for addressing the growing demand for modern industrial infrastructure. This acquisition represents an important step in expanding our presence in India’s key industrial regions.”
EcoBox Industrial Parks has also assumed management of the recent acquisitions by Logicap of 3.6 million square feet of industrial assets from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, EcoBox’s portfolio now totals 4.8 million square feet of managed space since its formation in 2023.
