In a strategic move that highlights the growing importance of sustainable industrial and logistics infrastructure in India, Actis, a leading global investor in sustainable infrastructure, has partnered with Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, to launch Ample Parks. This joint venture aims to revolutionize the industrial and logistics real estate landscape in India by developing state-of-the-art facilities across key markets.
Launch of Ample Parks:
Ample Parks has been established with a clear vision: to become a leading industrial and logistics real estate solutions provider for both global and local corporations. With a robust and highly experienced management team at the helm, led by Chief Executive Officer Akash Rastogi, Ample Parks is poised for significant growth and impact. The platform aims to acquire and develop approximately 1.5 million square meters of greenfield and brownfield sites across India over the next few years.
Strategic Focus and Vision:
The joint venture's strategy includes the development of large-scale industrial and logistics parks that meet the highest standards of sustainability and operational efficiency. Ample Parks will leverage Actis's extensive experience in sustainable infrastructure investment and Mahindra Lifespaces' expertise in real estate development to create integrated, world-class industrial hubs. These developments will cater to the burgeoning demand for high-quality industrial and logistics spaces in India, driven by rapid economic growth and increasing globalization.
First Acquisition: Mahindra World City, Chennai:
Marking a significant milestone, Ample Parks has completed its first acquisition—a prime 70-acre industrial land parcel within Mahindra World City, Chennai. This acquisition underscores the joint venture's commitment to establishing a strong foothold in strategic locations that offer exceptional connectivity and infrastructure.
Mahindra World City, Chennai, India's first integrated business city, provides an ideal setting for this ambitious project. The new industrial and logistics park will feature institutional-grade buildings designed to attract top-tier industrial occupiers. These businesses will benefit from Mahindra World City's well-established infrastructure, which includes excellent road, rail, and port connectivity, as well as comprehensive support and social infrastructure. Additionally, the availability of skilled manpower in the region makes it an attractive destination for industrial and logistics operations.
Benefits of the Project:
The development of the integrated industrial and logistics park at Mahindra World City will bring several key benefits:
Enhanced Infrastructure: The project will feature state-of-the-art facilities designed to meet the needs of modern industrial operations, ensuring high efficiency and productivity.
Strategic Location: Situated in Mahindra World City, the park will offer seamless connectivity to major transportation networks, facilitating smooth logistics and supply chain operations.
Sustainability Focus: Consistent with Actis's commitment to sustainable infrastructure, the development will incorporate green building practices and energy-efficient technologies, contributing to a lower environmental footprint.
Economic Growth: By attracting top-tier industrial occupiers, the project will stimulate local economic growth, create job opportunities, and enhance the region's industrial ecosystem.
Operational Excellence: With Mahindra World City's established infrastructure and support services, occupiers will benefit from a conducive business environment that supports operational excellence and growth.
Mahindra Lifespaces: Driving Innovation in Real Estate:
Mahindra Lifespaces has long been recognized for its innovative approach to real estate development and its commitment to sustainability. The partnership with Actis and the launch of Ample Parks reflect Mahindra Lifespaces' strategic vision to expand its footprint in the industrial and logistics sector, which is witnessing robust demand due to the rapid industrialization and the rise of e-commerce in India.
By collaborating with Actis, Mahindra Lifespaces is poised to leverage its strengths in real estate development to create industrial parks that not only meet the highest standards of quality and sustainability but also contribute to India's economic growth and development.
Conclusion:
The launch of Ample Parks and its first acquisition within Mahindra World City, Chennai, mark significant milestones in the evolution of India's industrial and logistics real estate sector. As Actis and Mahindra Lifespaces continue to collaborate, their combined expertise and commitment to sustainability will pave the way for the development of world-class industrial hubs that cater to the needs of modern businesses and contribute to the nation's growth story.
Stay tuned for more updates on Ample Parks' future acquisitions and developments as it embarks on its mission to redefine industrial and logistics real estate in India.
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