Yusen Logistics Secures 150,000 sq ft Warehouse in Palava, Near Mumbai
Yusen Logistics, a major global logistics and supply chain solutions provider, has leased a 150,000 sq ft warehousing facility from Macrotech Developers in Palava, near Mumbai. This strategic move aims to enhance their distribution network in India, align
Yusen LogisticsMacrotech DevelopersWarehousingReal EstateLogisticsReal Estate MumbaiJan 05, 2025
This move is part of their strategy to expand their distribution network and strengthen their presence in key logistics hubs across India.
The facility, part of Lodha Industrial & Logistics Parks (LILP), is expected to be operational within a few months.
Yusen Logistics (India) is currently carrying out the fit-out work at the new site.
This strategic location near Mumbai will significantly enhance their ability to serve clients efficiently and effectively.
Yusen Logistics, a subsidiary of the global shipping conglomerate Nippon Yusen Kabushiki Kaisha (NYK Group), has been operational in India since September 2011.
The company offers a wide range of logistics services, including warehousing, freight forwarding, and transportation, across multiple cities in India.
With a workforce of around 650 professionals, Yusen Logistics has a presence in over 20 cities and 84 locations, including major metropolitan areas like Mumbai, Gurgaon, Kolkata, Ahmedabad, Bengaluru, Hyderabad, and Chennai.
The leasing of this new warehouse aligns with Yusen Logistics' broader strategy to strengthen its presence in key industrial and logistics hubs across the country.
The rapid growth in the ecommerce sector, driven by the increasing demand for faster deliveries, has significantly contributed to the expansion of warehousing spaces in India.
Third-party logistics (3PL) providers have also played a crucial role in this growth.
India's warehousing sector has seen a significant uptick in leasing activities over the past few years.
This growth is primarily fueled by the expansion of ecommerce, which requires extensive warehousing facilities to meet the growing demand for faster and more efficient deliveries.
Third-party logistics providers have been at the forefront of this trend, driving the demand for modern and strategically located warehousing facilities.
Yusen Logistics' new facility in Palava is expected to not only enhance their operational capabilities but also contribute to the overall development of the logistics sector in the region.
The company's commitment to high standards of service and operational excellence is expected to benefit a wide range of clients, from small businesses to large multinational corporations.
Despite the strategic importance of this deal, both Yusen Logistics and Macrotech Developers did not respond to queries from the media by the time of publication.
The transaction advisor, JLL India, also declined to provide comments on the matter.
In conclusion, Yusen Logistics' acquisition of this new warehouse in Palava represents a significant step forward in their expansion plans in India.
It underscores their commitment to providing high-quality logistics solutions and their strategic focus on key industrial and logistics hubs.
Frequently Asked Questions
What is the size of the warehouse leased by Yusen Logistics in Palava?
Yusen Logistics has leased a warehouse of approximately 150,000 sq ft in Palava, near Mumbai.
Who is the property developer that leased the warehouse to Yusen Logistics?
The warehouse was leased to Yusen Logistics by Macrotech Developers, a listed realty developer.
What is the strategic importance of the new warehouse for Yusen Logistics?
The new warehouse in Palava is strategically important for Yusen Logistics as it aims to enhance their distribution network and strengthen their presence in key logistics hubs across India.
How many cities and locations does Yusen Logistics operate in India?
Yusen Logistics operates in over 20 cities and 84 locations across India, including major metropolitan areas like Mumbai, Gurgaon, Kolkata, Ahmedabad, Bengaluru, Hyderabad, and Chennai.
What factors are driving the growth in warehousing spaces in India?
The growth in warehousing spaces in India is primarily driven by the rapid expansion of ecommerce, which requires extensive facilities to meet the growing demand for faster deliveries, and the role of third-party logistics (3PL) providers in meeting these demands.
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