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.
Tags:
Related News Articles
Raymond Ltd Approves Demerger of Real Estate Business to Unlock Growth Potential
Raymond Ltd's board has approved the demerger of its real estate business, Raymond Realty Ltd, to attract new investors and strategic partners.
Blackstone Expands European Presence with 80% Stake in Logistics Fund
Blackstone's acquisition of an 80% stake in the European logistics fund represents a significant investment in the European logistics sector.
Government Reviews Real Estate Act Amid RERA Enforcement Challenges
The Narendra Modi-led government plans to review the Real Estate (Regulation and Development) Act of 2016 due to issues faced by homebuyers and the inability of RERAs to enforce their orders effectively.
NBCC Aims for Rs 1 Trillion Work Order Book by March, Plans India Expansion
NBCC, one of India’s leading construction and real estate companies, is targeting a massive Rs 1 trillion work order book by the end of March. The company is also gearing up for a significant expansion across India, focusing on key infrastructure and real
Institutional Real Estate Investments in India Reaches $6.5 Billion in 2024, Industrial and Warehousing Lead the Way
In 2024, institutional real estate investments in India surged to $6.5 billion, a 22% increase from the previous year. The industrial and warehousing sectors dominated, accounting for 39% of the total investments, followed closely by the office segment at
Chandrababu Naidu Faces Accusations of Using Lord Venkateswara as Real Estate Brand Ambassador
YSRCP leader B Karunakar Reddy has accused Andhra Pradesh Chief Minister N Chandrababu Naidu of using Lord Venkateswara as a brand ambassador for a real estate firm, raising concerns about the ethical implications of such a move.