Mapletree, a Singapore-based developer-cum-investor, has invested 300 crore in a logistics park project of Pune-based KSH Infra Industrial Park. The deal pertains to 0.7 million sq ft of Grade A logistics park in Chakan, Pune. This deal is part of a 1.2 million sq ft park that the firm is developing in the Chakan area of the city. The entire development and leasing of the project will be undertaken by KSH Infra.
KSH Infra Industrial Park has entered into a forward sale agreement with Mapletree, wherein the investor has committed to buy the park at a pre-agreed valuation along with pre-defined technical specifications. The park is EDGE Certified and lays great impetus on the importance of green development. The entire park aims to be healthier, more productive, and help reduce stress on the environment. The buildings are designed to be more energy and resource-efficient, resulting in energy savings, and a reduction in utility costs in the long-term.
“This transaction marks our third marquee deal in the industrial & warehousing space. It further burnishes KSH’s credentials as a leading industrial & warehousing developer in the country. Our aim going forward is to inspire more green development with a focus on building as per best in class green standards such as EDGE,” says Rohit Hegde, Managing Director, KSH Infra.
