Ascendas Firstspace Acquires Warehousing Space in Ahmedabad

02 Mar 2026 CW Team

Ascendas Firstspace has acquired zero point nine million (mn) sq ft of warehousing space in Ahmedabad in a transaction valued at Rs two point seven five billion (bn). The acquisition expands the company's portfolio in one of the country’s fastest growing logistics markets. The deal was presented as part of a strategy to increase presence in key industrial corridors.

Ahmedabad is described as a strategic location for warehousing given its connectivity to manufacturing clusters and major highways. The space is expected to cater to growing demand from e-commerce, retail and manufacturing occupiers seeking modern logistics facilities. Market observers signalled that availability of quality stock remains a constraint in several urban agglomerations.

Investors have continued to allocate capital to logistics real estate amid structural shifts in supply chain management and fulfilment needs. The acquisition aligns with wider trends of portfolio diversification within commercial real estate and reflects investor appetite for assets that offer stable income and long term leases. Analysts said such transactions contribute to depth in institutional grade logistics supply.

The company indicated that the asset will strengthen its ability to serve occupiers in western India and to support last mile distribution networks. The move is likely to encourage further investment into the region as demand pressures persist. Ascendas Firstspace is expected to continue evaluating opportunities that enhance its network of logistics properties.

The transaction is expected to bolster leasing activity as occupiers seek efficient distribution nodes and scale. Landlords in the area may accelerate upgrades to meet specifications for temperature control and automated handling, supporting higher operational efficiency. Over time the deal could help deepen the market and provide more options for occupiers managing regional distribution.

Real Estate

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