LOGOS leases 1.4 mn sqft warehousing space to Mahindra Logistics in Delhi
The third-party logistics (3PL) solution provider Mahindra Logistics (MLL), and LOGOS have announced a long-term lease agreement for 1.4 million square feet of warehouse facilities at the LOGOS Luhari Logistics Estate in Delhi-NCR.
December 2, 2021: The third-party logistics (3PL) solution provider Mahindra Logistics (MLL), and LOGOS have announced a long-term lease agreement for 1.4 million square feet of warehouse facilities at the LOGOS Luhari Logistics Estate in Delhi-NCR.
The transaction represents India’s largest warehousing facility in a single park.
Under the agreement, LOGOS will develop three Grade-A warehouses totaling 1.4 mmsf for MLL at the LOGOS Luhari Logistics Estate. The first 0.5mmsf warehouse, which was completed in mid-2021, is fully operational and the other two warehouses are currently under development with delivery in late 2021 and early 2022 respectively.
The new warehouses will be an important part of MLL’s Pan-India network of multi-client facilities that manage the fulfillment and distribution of its clients’ services within the e-commerce, consumer and engineering industries. The facilities are designed in line with MLL’s sustainability standards, including Liquid Discharge Management and Renewable Energy and Waste Management requirements and state-of-the-art automation. MLL will employ over 2,500 employees and third-party associates across these facilities.
In line with both LOGOS’ and MLL’s commitment to sustainability, the Estate will incorporate market leading sustainability and environmental initiatives including 20 acres of Miyawaki Forest Plantation, solar power generation and distribution for warehouse and common infrastructure energy provision. State-of-the-art monitoring to measure warehousing air circulation, temperature, energy and water usage will also be employed within the Estate in conjunction with heat mapping on the movement of trucks and people throughout the property for operational control which will influence the future design requirements of logistics estates.
Mehul Shah, CEO of LOGOS’ Indian business said: “We will be delivering MLL’s three warehouses using Lean Construction, a process which involves using offsite precast, fabrication and preassembly for building and external development components. This, in conjunction with our strong local network and regional expertise, has enabled us to deliver the first facility within rigorous timelines, despite the challenges of the global pandemic.”
Rampraveen Swaminathan, managing director and CEO, Mahindra Logistics, said: “Continuing our efforts in growing our warehousing business, we are delighted to announce the launch of Luhari Warehousing Facilities in partnership with LOGOS. Our focus remains on providing integrated, customized solutions for inbound and fulfillment and the warehousing network is a key element. We look forward to continued business growth from existing as well as potential customers from all regions. These new facilities set a benchmark in terms of sustainability.”