Current Date: 22 Nov, 2024

ESR Group Snaps Up 48,800 sq. ft. Lease in Navi Mumbai

ESR Group, a leading real estate services and investment firm, has leased 48,800 sq. ft. of industrial space in Navi Mumbai to UPM Raflatac. The leased area is part of the ESR Taloja Industrial & Logistics Park, a sprawling 90-acre facility adjacent to Taloja MIDC.

This strategic move will enable UPM Raflatac, a Helsinki-based sustainable labelling solutions provider, to enhance its operational efficiency and support a more sustainable supply chain in India. The company specializes in pressure-sensitive label materials used across various industries, including food and beverage packaging, pharmaceuticals, and industrial labelling.

ESR Taloja is a significant industrial hub, hosting diverse sectors such as food processing, FMCG, engineering, pharmaceuticals, cold chain, logistics, and warehousing. The facility's modern infrastructure and strategic location make it an ideal choice for companies looking to expand their operations in India.

ESR Group's extensive experience in New Economy development and asset management is expected to benefit UPM Raflatac's operations. As of December 2023, ESR manages 22 industrial and logistics parks in India, with assets totaling USD 1.7 billion and covering 2.8 million sq. mtrs. of gross floor area.

This lease agreement underscores ESR Group's commitment to supporting the growth of sustainable and efficient industrial operations in the Asia Pacific region.

News by Rahul Yelligetti

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Source : Projxnews