Alta Cap's EcoBox Industrial Acquires Land for Logistics Development

16 Jan 2025 CW Team

EcoBox Industrial Parks, an operating platform newly established by Logicap Advisors, has acquired 50 acres of land in Chennai’s Mannur locality for greenfield logistics development. This marks the first land deal of the year for the company, which is backed by Alta Capital. EcoBox plans to develop industrial and logistics facilities spanning 1.2 million sq ft, with an investment of over Rs 400 crore. The site, located just 3 km from State Highway 50, is strategically positioned to meet the increasing demand for modern industrial and logistics infrastructure.

Ashish Shah, CEO of EcoBox Industrial Parks, explained, “Mannur’s prime location and excellent connectivity make it an ideal choice for expanding our industrial infrastructure. This acquisition is a critical step in bolstering our presence in India’s key industrial regions.”

EcoBox Industrial Parks now manages 4.8 million sq ft of industrial space, following its recent acquisitions, including 3.6 million sq ft of industrial assets from IndoSpace in Ranjangaon and Sri City near Chennai. The Mannur site adds significantly to its portfolio, which continues to grow since its formation in 2024.

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