Shriram Properties to sell 90-acre land to LOGOS for logistics park
Kolkata Apr 26 PTI Shriram Properties Ltd has entered into an agreement with LOGOS for potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara here for an undisclosed sum officials saidLOGOS intends to develop the land into a modern and sustainable logistics park offering around 22 million square feet of industrial and warehousing space they saidThe company is likely to invest Rs 766 crore in the project which could generate 50000 direct and indirect jobs in West Bengal the officials saidWe look forward to working with SPL on this future transaction and entering West Bengal the leading gateway to Eastern India to bring best practices in ESG and high-quality logistics and infrastructure to this market Managing Director and Co-CEO of LOGOS Trent Iliffe said in a statementChairman and Managing Director of Shriram Properties Ltd M Murali added LOGOSs proposed investment in Shriram Grand City will transform the micro-market and allow us to realise superior value for both companies stakeholders PTI BSM RBT RBT
Kolkata Apr 26 PTI Shriram Properties Ltd has entered into an agreement with LOGOS for potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara here for an undisclosed sum officials saidLOGOS intends to develop the land into a modern and sustainable logistics park offering around 22 million square feet of industrial and warehousing space they saidThe company is likely to invest Rs 766 crore in the project which could generate 50000 direct and indirect jobs in West Bengal the officials saidWe look forward to working with SPL on this future transaction and entering West Bengal the leading gateway to Eastern India to bring best practices in ESG and high-quality logistics and infrastructure to this market Managing Director and Co-CEO of LOGOS Trent Iliffe said in a statementChairman and Managing Director of Shriram Properties Ltd M Murali added LOGOSs proposed investment in Shriram Grand City will transform the micro-market and allow us to realise superior value for both companies stakeholders PTI BSM RBT RBT
