Realterm Everstone inaugurates IndoSpace Luhari - a 1.6 million square feet world class industrial and logistics park at Luhari, Gurgaon
Gurgaon, June 18, 2013: IndoSpace Luhari, a 1.6 million square feet industrial and logistics park developed by Realterm Everstone Development Management Private Limited (Realterm Everstone), has commenced operations at Luhari, near Gurgaon. IndoSpace Luhari is in the series of modern industrial and logistics parks across India developed by Realterm Everstone, and is being constructed at an estimated cost of INR 300 crore.
The industrial park houses modern warehouses and light manufacturing facilities designed to meet the logistics and supply chain needs of global companies. The site is within close proximity to several large industrial clusters, including IMT Manesar, Daruhera, Bhiwadi, and Bawal industrial areas. Good regional connectivity makes the site an ideal location for third party logistics services (3PLs), consumer goods companies and retailers to establish their distribution centres to service Gurgaon, Delhi and northern India.
From the total built-up area of 1.6 million square feet, IndoSpace Luhari has leased a 320,000 square feet facility to DHL - a global market leader in the logistics industry. This facility has been built-to-suit DHL‘s requirements, and will serve as a northern distribution centre for Procter & Gamble (P&G). It has been leased to provide 3PL services to P&G.
Brian Oravec, Managing Partner of Realterm Everstone said, "The IndoSpace Luhari project is an ideal location for third party logistics service providers, consumer goods companies and retailers to establish their distribution centres to service Gurgaon, Delhi and the rest of northern India."
Commenting on the association with DHL, he added further, "We are very pleased to extend our relationship with DHL. The Luhari facility has been designed specifically to meet DHL‘s requirements."
"DHL Supply Chain is expanding rapidly in India. This facility is one aspect of our strategy to provide world class, India-based solutions by offering competitive, high quality services to our customers through proactive investments" said Oscar de Bok, CEO - South and Southeast Asia, DHL Supply Chain.
Realterm Everstone is a pioneer in modern logistics spaces across India. It has 11 projects under development across 5 cities in India, with a total target built-up area of 15 million square feet and covering a total land area of over 700 acres.