Sumadhura Group has announced a significant leasing deal in Bengaluru, marking a key milestone in the development of its logistics infrastructure. The real estate developer has leased a substantial 1.8 lakh square feet of warehousing space to NX Logistics India, the local arm of global logistics giant Nippon Express. This lease agreement spans nine years and is a critical component of the first phase of the Sumadhura Logistics Park development.
Located in Hoskote, a prominent logistics hub in Bengaluru, the Sumadhura Logistics Park is set to become a major player in the region’s warehousing sector. The entire project, which covers a vast area of 100 acres, will eventually comprise 2.5 million square feet of commercial warehousing space. The first phase of this development, now underscored by the recent leasing deal, represents a significant investment of ₹600 crore. The strategic location of the logistics park is expected to enhance operational efficiencies for Nippon Express, offering them a prime position to leverage Bengaluru’s growing logistics and supply chain network. The expansive warehousing space will support Nippon Express’s efforts to optimise its distribution operations in southern India, catering to an increasing demand for efficient logistics solutions.
Sumadhura Group’s decision to partner with a globally renowned logistics company like Nippon Express highlights the strategic value of their real estate assets and their commitment to driving growth in the industrial and logistics sectors. This deal not only underscores the attractiveness of Bengaluru as a logistics destination but also sets the stage for future developments within the Sumadhura Logistics Park. In summary, this leasing agreement is a significant step in Sumadhura Group’s vision to establish a leading logistics park in Bengaluru, promising to bolster the region’s infrastructure and attract further investment.
