Indospace Secures 1.2 Lakh Sq Ft Warehousing Space in Pune for ₹46 Lakh Monthly Rent
In a significant move, Indospace has leased a 1.2 lakh square foot warehousing space to Steelcase Asia Pacific Holdings in Pune, for a monthly rent of ₹46 lakh, solidifying its position in the industrial real estate market.
Pune Real EstateWarehousing SpaceIndospaceSteelcase Asia Pacific HoldingsIndustrial ParkReal Estate PuneApr 18, 2025
Pune, known for its robust industrial and technological infrastructure, continues to attract significant investments from both domestic and international firms. The city's strategic location, coupled with its skilled workforce and supportive business environment, makes it an ideal destination for manufacturing and warehousing operations. Steelcase Asia Pacific Holdings, a leading provider of office furniture solutions, has chosen Indospace's industrial park to expand its operations, leveraging the city's advantages.
The warehousing space at Indospace's industrial park is designed to meet the highest standards of modern logistics and warehousing. The facility includes advanced security systems, efficient loading and unloading docks, and state-of-the-art storage solutions. This ensures that Steelcase can maintain its high standards of product quality and delivery efficiency. The lease agreement is expected to boost the company's operational capabilities and support its growth plans in the Asia-Pacific region.
According to industry experts, the demand for industrial and warehousing spaces in Pune has been on the rise, driven by factors such as the growth of e-commerce, manufacturing, and logistics sectors. The city's strategic location, situated near major highways and ports, makes it a preferred choice for companies looking to optimize their supply chain operations. The availability of skilled labor and a supportive regulatory environment further add to its appeal.
Indospace, a leading player in the industrial real estate market, has been actively expanding its portfolio across major cities in India. The company's focus on developing high-quality industrial parks and warehousing facilities has earned it a reputation for excellence. The lease to Steelcase Asia Pacific Holdings is a testament to Indospace's ability to attract and retain top-tier clients.
Vishal Nath, CEO of Indospace, expressed his satisfaction with the lease agreement. 'We are thrilled to welcome Steelcase Asia Pacific Holdings to our industrial park in Pune. This partnership is a clear indication of the confidence that leading companies have in our facilities and the city's potential. We are committed to providing world-class infrastructure that supports the growth and success of our clients,' he stated.
The leasing of the 1.2 lakh square feet warehousing space to Steelcase is expected to have a positive impact on the local economy, creating job opportunities and boosting ancillary industries. It also highlights the growing importance of Pune as a hub for industrial and warehousing activities. As the city continues to attract more investments, it is poised to play a significant role in the country's economic landscape.
In conclusion, the lease agreement between Indospace and Steelcase Asia Pacific Holdings in Pune represents a mutually beneficial partnership that will enhance the operational capabilities of the company while reinforcing Indospace's position in the industrial real estate market. The deal underscores the city's potential as a preferred destination for industrial and warehousing investments, setting the stage for further growth and development in the region.
Frequently Asked Questions
What is the size of the warehousing space leased by Steelcase Asia Pacific Holdings from Indospace in Pune?
Steelcase Asia Pacific Holdings has leased a 1.2 lakh square foot warehousing space from Indospace in Pune.
What is the monthly rent for the warehousing space leased by Steelcase Asia Pacific Holdings in Pune?
The monthly rent for the warehousing space leased by Steelcase Asia Pacific Holdings in Pune is ₹46 lakh.
What are the key features of the warehousing space provided by Indospace?
The warehousing space provided by Indospace includes advanced security systems, efficient loading and unloading docks, and state-of-the-art storage solutions.
Why has Pune become a preferred location for industrial and warehousing investments?
Pune has become a preferred location for industrial and warehousing investments due to its strategic location, skilled workforce, and supportive business environment.
What is the impact of this lease agreement on the local economy of Pune?
The lease agreement is expected to have a positive impact on the local economy by creating job opportunities and boosting ancillary industries in Pune.
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