Shriram Properties Ltd has entered into an settlement with LOGOS for potential sale of as much as 90 acres of land in Shriram Grand Metropolis at Uttarpara right here for an undisclosed sum, officers mentioned.
LOGOS intends to develop the land into a contemporary and sustainable logistics park, providing round 2.2 million sq. ft of business and warehousing area, they mentioned. The corporate is prone to make investments Rs 766 crore within the venture, which may generate 50,000 direct and oblique jobs in West Bengal, the officers mentioned.
“We stay up for working with SPL on this future transaction and coming into West Bengal, the main gateway to Jap India, to carry greatest practices in ESG and high-quality logistics and infrastructure to this market,” Managing Director and Co-CEO of LOGOS Trent Iliffe mentioned in a press release.
Chairman and Managing Director of Shriram Properties Ltd, M Murali, added: “LOGOS’s proposed funding in Shriram Grand Metropolis will rework the micro-market and permit us to understand superior worth for each corporations’ stakeholders