ESR leases 48,800 sq. ft. industrial space to UPM in Navi Mumbai
Real Estate

ESR leases 48,800 sq. ft. industrial space to UPM in Navi Mumbai

ESR Group, Asia-Pacific's leading real asset manager, has leased 48,800 sq. ft. (over 4,500 sq m of prime industrial real estate to UPM's business unit UPM Raflatac, a world-leading sustainable labelling solutions provider. UPM will use this space in ESR Taloja Industrial & Logistics Park to serve its growing customer base in India and achieve higher efficiency in their operations.

UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new space will provide them with a modern and efficient facility to streamline their operations, including warehousing and distribution. This collaboration amplifies Navi Mumbai's rising eminence as a preferred industrial destination for international enterprises.

Key benefits of the new space for UPM " Strategic location: Situated near the JNPT port and well-connected to Mumbai, Navi Mumbai, and Thane, the park offers excellent access to key transportation routes. " Modern infrastructure: The Grade A+ sustainable infrastructure pre-certified Gold by IGBC ensures efficient operations and aligns with UPM's commitment to sustainability. " Increased capacity: The additional space will allow UPM to expand its warehousing and distribution capabilities, catering to the growing demand for its labelling solutions. " Potential for value-added services: The space can be configured to accommodate potential value-added services, further enhancing UPM Raflatac's offerings to customers.

Reflecting on this collaboration, Suresh Valecha " Country Manager of UPM Raflatac, India, said "This expansion reflects our commitment to supporting the dynamic growth of the Indian market. Our growing business demands a human-centric space that aligns seamlessly with our sustainability objectives. ESR Taloja's strategic location and state-of-the-art infrastructure will ensure efficient product flow and allow us to deliver exceptional service to our customers. Taloja's impressive infrastructure and facilities will undoubtedly provide a dynamic environment for our employees. With India's flourishing retail and industrial landscape, we eagerly anticipate expanding our business and exploring future growth possibilities."

Abhijit Malkani, CEO of ESR India, said, "We take immense pride in extending a warm welcome to UPM. Our commitment to providing best-in-class space solutions aligns with UPM's focus on growth and sustainability. The park's Grade A+ sustainable infrastructure, pre-certified Gold by IGBC, synergises strongly with UPM's eco-friendly solutions. This collaboration goes above and beyond operational efficiency ? it empowers UPM to operate a sustainable supply chain operation, supported by ESR?s extensive New Economy development and asset management expertise."

With a 90-acre (close to 3,65,000 sq m) expanse, ESR Taloja is a cutting-edge industrial and logistics park adjacent to Taloja MIDC. This thriving industrial hub encompasses food processing, FMCG, engineering, pharmaceuticals, cold chain, logistics, and warehousing sectors. Developed to meet global standards, ESR Taloja prioritises sustainability and has been pre-certified gold by the Indian Green Building Council (IGBC).

In India, ESR manages 22 industrial and logistics parks with total assets under management of $1.7 billion and 2.8 million sq m of gross floor area as of 31 December 2023.?

ESR Group, Asia-Pacific's leading real asset manager, has leased 48,800 sq. ft. (over 4,500 sq m of prime industrial real estate to UPM's business unit UPM Raflatac, a world-leading sustainable labelling solutions provider. UPM will use this space in ESR Taloja Industrial & Logistics Park to serve its growing customer base in India and achieve higher efficiency in their operations. UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new space will provide them with a modern and efficient facility to streamline their operations, including warehousing and distribution. This collaboration amplifies Navi Mumbai's rising eminence as a preferred industrial destination for international enterprises. Key benefits of the new space for UPM Strategic location: Situated near the JNPT port and well-connected to Mumbai, Navi Mumbai, and Thane, the park offers excellent access to key transportation routes. Modern infrastructure: The Grade A+ sustainable infrastructure pre-certified Gold by IGBC ensures efficient operations and aligns with UPM's commitment to sustainability. Increased capacity: The additional space will allow UPM to expand its warehousing and distribution capabilities, catering to the growing demand for its labelling solutions. Potential for value-added services: The space can be configured to accommodate potential value-added services, further enhancing UPM Raflatac's offerings to customers. Reflecting on this collaboration, Suresh Valecha Country Manager of UPM Raflatac, India, said This expansion reflects our commitment to supporting the dynamic growth of the Indian market. Our growing business demands a human-centric space that aligns seamlessly with our sustainability objectives. ESR Taloja's strategic location and state-of-the-art infrastructure will ensure efficient product flow and allow us to deliver exceptional service to our customers. Taloja's impressive infrastructure and facilities will undoubtedly provide a dynamic environment for our employees. With India's flourishing retail and industrial landscape, we eagerly anticipate expanding our business and exploring future growth possibilities. Abhijit Malkani, CEO of ESR India, said, We take immense pride in extending a warm welcome to UPM. Our commitment to providing best-in-class space solutions aligns with UPM's focus on growth and sustainability. The park's Grade A+ sustainable infrastructure, pre-certified Gold by IGBC, synergises strongly with UPM's eco-friendly solutions. This collaboration goes above and beyond operational efficiency ? it empowers UPM to operate a sustainable supply chain operation, supported by ESR?s extensive New Economy development and asset management expertise. With a 90-acre (close to 3,65,000 sq m) expanse, ESR Taloja is a cutting-edge industrial and logistics park adjacent to Taloja MIDC. This thriving industrial hub encompasses food processing, FMCG, engineering, pharmaceuticals, cold chain, logistics, and warehousing sectors. Developed to meet global standards, ESR Taloja prioritises sustainability and has been pre-certified gold by the Indian Green Building Council (IGBC). In India, ESR manages 22 industrial and logistics parks with total assets under management of $1.7 billion and 2.8 million sq m of gross floor area as of 31 December 2023.?

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?