Mapletree To Buy Space In Pune

 

 

 

Singapore-based real estate development firm Mapletree Investments has entered into an agreement with KSH Infra Industrial Park to acquire over 7 lakh sq. ft. space in its logistics park in Pune for US$ 40 million (around Rs. 300 crore).

Mapletree Investments has entered into a forward sale agreement with KSH Infra Industrial Park in Chakan, Pune, Maharashtra.

This forms part of the 12 lakh sq ft of space which KSH Infra Industrial Park is currently developing.

With a portfolio of 3 million sq. ft. under various stages of development, KSH Infra Industrial Park plans to roll out a pan-India footprint. It is currently evaluating the markets of Mumbai, Bengaluru and the National Capital Region and plans to take its footprint to up to 10 million sq. ft.