LOGOS leases 1 million sq ft warehousing space to Amazon in Bengaluru
The Asia Pacific logistics specialist LOGOS today announced that it has completed a purpose-built 1 million square feet warehouse facility for Amazon at its Devanahalli Industrial and Logistics Park in Bengaluru in ‘one of the largest warehouse leases in India’.
September 17, 2021: The Asia Pacific logistics specialist LOGOS today announced that it has completed a purpose-built 1 million square feet warehouse facility for Amazon at its Devanahalli Industrial and Logistics Park in Bengaluru in ‘one of the largest warehouse leases in India’.
Amazon has committed to a long-term agreement on the new integrated warehouse facility and has commenced its operations in July 2021.
The Amazon facility comprises a receiving centre, sorting centre, fulfilment centre and Amazon Retail in a single location, enabling the global technology company to enhance operational efficiencies and service the growing demand in this region.
Amazon has committed to the entire 1 million square feet facility at the LOGOS Devanahalli Industrial and Logistics Park. The Devanahalli region offers excellent connectivity and proximity to the high-volume new consumption markets of the greater Bengaluru region as well as the Kempegowda International Airport. The LOGOS Devanahalli Industrial and Logistics Park incorporates international grade A warehouse specifications and industry-leading sustainability features including 1.6MW rooftop solar to power the operations.
Mehul Shah, CEO of LOGOS’ Indian business, said, “We are pleased to have delivered a state-of-the-art warehouse facility for Amazon in record time despite the challenges faced because of the Covid-19 pandemic. This a testament to LOGOS’ development expertise and our partnership approach with both our customers and contractors as we work closely with them to understand their needs. For LOGOS, the timeframe was key in ensuring readiness for the festive season and the rebound in economic activity.”
While many asset classes experienced significant delays as a result of the pandemic, LOGOS was able to work with its local stakeholders and partners to continue to deliver on its significant pipeline of Grade-A warehouse facilities for e-commerce, 3PL and automotive customers across India.
“The Indian warehousing sector has seen significant attraction from both global and domestic investors and occupiers on the back of the GST changes and significant growth in e-commerce. LOGOS is committed to establishing a new benchmark of high quality and sustainable logistics warehousing in India to support the critical infrastructure services needed for new economy businesses in India,” Shah said.
Trent Iliffe, MD and Co-CEO of LOGOS added: “With operations in 10 countries across the Asia Pacific, LOGOS has a strong track record of supporting our customers growth both within the country and across the region. We look forward to continuing to support Amazon in meeting its significant growth requirements both within India and across the region.”
LOGOS has over 5 million square feet of logistics assets operational and under construction space across NCR, Bangalore and Chennai, with a development pipeline comprising 12 million square feet across NCR, Bangalore, Chennai, Pune, Kolkata and Mumbai.
LOGOS has a 50 percent interest in the LOGOS Devanhalli Industrial and Logistics Park alongside Assetz Property Group.
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