Both the entities–Lodha also known as Macrotech Developers and Flyjac, which is one of the largest integrated logistic service providers–have already signed the deal. The land parcel has a total development potential of 1 million sq ft.
Flyjac Logistics, one of the largest integrated logistic service providers, already has such warehousing facilities operational across India. However, this transaction represents their first outright buy of land parcel in western India to set up a warehousing facility. Most of the third-party logistics major’s warehousing facilities in western region are leased assets.
“For Flyjac, this is another giant leap forward in creating world-class multi-purpose logistics centres in all metropolitan cities of India. As an solution partner, this state-of-the-art facility will help us in providing flexible, versatile & customised solutions to our customers in Western India,” said Ravi Kumar, MD & CEO, Flyjac Logistics.
This is the fourth such transaction concluded by Lodha Group at Palava Industrial and Logistics Park in the last two quarters. In April, Batilogistic, a subsidiary of FM Logistic Group, entered into a deal with the company to develop a 30-acre land parcel at this logistics park.
“We are pleased to be the preferred choice for the leading 3PL provider, Flyjac Logistics. Through partnerships like these, we look to amplify operations and infrastructure of Grade-A logistic parks. There is a growing preference among companies to shift to well-connected locations with ready social ecosystems and we will utilize our plethora of resources to help provide unmated business solutions. These are exciting times for us as we have a series of similar partnerships lined up in near future,” said Shaishav Dharia, CEO, Townships and Rental Assets, Lodha.
Flyjac Logistics is the fourth large multi-national logistics company to set up operations at Palava Industrial and Logistics Park in the last six months, apart from FM Logistics, Katerra, and Swegon. With this the first park with 170 acres is fully occupied and the developer may soon launch the second park spread over 130 acres.
The first park with focus on logistics and industrial development was launched in 2019 and since then has closed out 170 acres with occupiers like ESR-Lodha alliance, FM Logistics, Flyjack and others.
Flyjac is expected to start work on developing the warehousing facility in the next two months with an objective of commencing the operations here in the next 12-15 months.
Founded in 1990, Flyjac Logistics merged with Hitachi Transport System Ltd. in 2010, becoming one of the largest integrated logistics service providers in India. The company has grown into a logistics leader with warehousing and distribution as the core with globally acclaimed supply chain solutions.
Palava Industrial and Logistics Park has emerged as the preferred partner for companies looking for warehousing and industrial space solutions in Mumbai. Planned across 800 acres, the park is strategically located close to JNPT, upcoming Navi Mumbai International Airport and the industrial hub of Taloja MIDC and offers flexible and scalable growth options to the companies. It is part of the 4,500-acre Palava city that provides a ready ecosystem including residences, social housing, world-class education and healthcare.
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