MSREI partners with Prakhhyat for 7 lakh sqft Bhiwandi warehousing
Real Estate

MSREI partners with Prakhhyat for 7 lakh sqft Bhiwandi warehousing

Global financial services major Morgan Stanley's real estate investment arm MSREI has partnered with developer Prakhhyat Group to construct a 7 lakh sq ft warehousing project in Bhiwandi, near Mumbai.

MSREI has invested around Rs 350 crore to acquire majority stake in the project 'One K-Square', coming up in Prakhhyat's existing facility K Square Logistics Park. This marks MSREI's entry into the Bhiwandi warehousing market.

The 25-acre Grade A facility will provide solutions for e-commerce, 3PL, FMCG and FMCD companies when completed by 2026. Prakhhyat will handle construction, leveraging its development expertise and MSREI's capabilities.

Prakhhyat's flagship K Square Logistics Park spans 156 acres with over 4 million sq ft space housing multiple tenants. The company has over 10 million sq ft projects under development currently.

The warehousing sector is poised for robust growth fueled by e-commerce expansion, 3PL services and manufacturing investments. The upcoming National Logistics Policy is also expected to attract more funding into the sector.

With strong demand prospects, the MSREI-Prakhhyat partnership aims to develop prime warehousing infrastructure in one of India's top logistics hubs to enable more commerce and trade competitiveness.

Global financial services major Morgan Stanley's real estate investment arm MSREI has partnered with developer Prakhhyat Group to construct a 7 lakh sq ft warehousing project in Bhiwandi, near Mumbai.MSREI has invested around Rs 350 crore to acquire majority stake in the project 'One K-Square', coming up in Prakhhyat's existing facility K Square Logistics Park. This marks MSREI's entry into the Bhiwandi warehousing market.The 25-acre Grade A facility will provide solutions for e-commerce, 3PL, FMCG and FMCD companies when completed by 2026. Prakhhyat will handle construction, leveraging its development expertise and MSREI's capabilities.Prakhhyat's flagship K Square Logistics Park spans 156 acres with over 4 million sq ft space housing multiple tenants. The company has over 10 million sq ft projects under development currently.The warehousing sector is poised for robust growth fueled by e-commerce expansion, 3PL services and manufacturing investments. The upcoming National Logistics Policy is also expected to attract more funding into the sector.With strong demand prospects, the MSREI-Prakhhyat partnership aims to develop prime warehousing infrastructure in one of India's top logistics hubs to enable more commerce and trade competitiveness.

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