Mahindra Logistics opens its largest multi-user facility in Chakan

Embassy Industrial Parks, a joint venture between Embassy Group and Warburg Pincus, has announced that it has signed Mahindra Logistics as its client in their project based in Chakan, Pune. Mahindra Logistics, a leading 3PL logistics firm, has signed one of the largest spaces, which is now ready to lease for warehousing purpose. Embassy Industrial Parks invested Rs 350 crore to build a 1.1-million square feet industrial park at Chakan, Pune. The project mainly comprises built-to-suit facilities ranging from 50,000 square feet to 2 lakh square feet in size.

Embassy Industrial Parks has already strongly established itself by acquiring strategic land in select areas across the country. The company plans to invest $250 million to build seven industrial parks in major cities and has already invested in Pune, Haryana, Delhi, West Bengal and Chennai further to MOUs signed with the governments of Haryana and West Bengal.