Monday , 23 December 2024
Home Editors Pick Sumadhura Group Leases 1.8 Lakh Sq. Ft. Warehousing Facility to Zepto and NX Logistics in Bengaluru
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Sumadhura Group Leases 1.8 Lakh Sq. Ft. Warehousing Facility to Zepto and NX Logistics in Bengaluru

Image Source: Sumadhura Group

Sumadhura Group, a leading real estate development company, has successfully leased a 1.8 lakh sq. ft. warehousing facility located at Sumadhura Logistics Park in Bengaluru. The space is dedicated to Zepto, a rapidly growing quick-commerce company, and NX Logistics India, a subsidiary of Nippon Express. This move underscores Zepto’s commitment to expanding its logistics network in the region.

The new facility is one of Zepto’s most advanced logistics spaces, designed to support the company’s expanding operations across multiple categories. It will provide the necessary infrastructure for efficient storage and seamless logistics operations, enabling Zepto to meet increasing demand in the growing quick commerce sector.

This facility is part of a strategic partnership with NX Logistics India, which is helping to facilitate the development of the infrastructure. The space has been subleased to Zepto, marking a significant step in both companies’ plans to enhance their logistics capabilities in India.

The project also aligns with Sumadhura Group’s larger vision for logistics and warehousing expansion. As part of the first phase, a Rs 600 crore investment has been earmarked to deliver 2.5 million sq. ft. of warehousing space. Additionally, future plans include expanding the facility to 6 million sq. ft. in phases, with the first 800,000 sq. ft. slated for completion by March 2025.

This lease transaction highlights the strong demand for state-of-the-art logistics infrastructure driven by the rapid growth of e-commerce and quick commerce industries, with Bengaluru continuing to emerge as a key hub for such developments.

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