ESR India Leases 48,800 Sq. Ft. Industrial Space to UPM in Navi Mumbai
ESR Group Limited, Asia-Pacific's leading New Economy real asset manager, has leased 48,800 sq. ft. of prime industrial real estate to UPM's business unit UPM Raflatac, a world-leading sustainable labelling solutions provider.
Industrial Real EstateLogistics ParkSustainable Labelling SolutionsNavi MumbaiEsr Group LimitedReal Estate MumbaiJul 16, 2024
UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new space will provide them with a modern and efficient facility to streamline their operations, including warehousing and distribution.
The collaboration amplifies Navi Mumbai's rising eminence as a preferred industrial destination for international enterprises. The park's Grade A+ sustainable infrastructure, pre-certified Gold by the Indian Green Building Council (IGBC), ensures efficient operations and aligns with UPM's commitment to sustainability.
Reflecting on this collaboration, Suresh Valecha, Country Manager of UPM Raflatac, India, said,
Frequently Asked Questions
Who has leased the 48,800 sq. ft. industrial space?
UPM Raflatac, a world-leading sustainable labelling solutions provider, has leased the 48,800 sq. ft. industrial space.
Where is the leased space located?
The leased space is located in ESR Taloja Industrial & Logistics Park, near the JNPT port and well-connected to Mumbai, Navi Mumbai, and Thane.
What is the significance of this collaboration?
This collaboration amplifies Navi Mumbai's rising eminence as a preferred industrial destination for international enterprises.
What is the sustainability commitment of ESR Taloja Industrial & Logistics Park?
The park's Grade A+ sustainable infrastructure is pre-certified Gold by the Indian Green Building Council (IGBC), ensuring efficient operations and aligning with UPM's commitment to sustainability.
How many industrial and logistics parks does ESR India manage?
ESR India manages 22 industrial and logistics parks with total assets under management of US$1.7 billion and 2.8 million sqm of gross floor area as of 31 December 2023.
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