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The joint venture company GreenBase, formed by Hiranandani Group and Blackstone Group, has leased over 300,000 sq ft of industrial space in Pune to automotive component major United Industries. This deal, one of the largest in industrial real estate this year, is for a built-to-suit manufacturing facility in Greenbase Industrial and Logistics Parks, Talegaon. The facility is set to be operational in 8 months, creating jobs for 600-800 people.

Get latest articles and stories on Business at LatestLY. Chennai (Tamil Nadu)/ Mumbai (Maharashtra) [India], January 12: Greenbase, a fully owned subsidiary of Dr. Niranjan Hiranandani led Hiranandani Group, has signed a MoU with the Government of Tamil Nadu this week during the Tamil Nadu Global Investment Meet 2024. The MoU was signed by N Shridhar, CEO of Greenbase and Vishnu V, IAS, MD of TN Guidance in the presence of the Chief Minister and the Industrial Minister of Tamil Nadu. The group bets bullish on augmenting its investment in Chennai and its peripheral towns like Oragadam which is...

Greenbase a fully owned subsidiary of Dr. Niranjan Hiranandani led Hiranandani Group has signed a MoU with the Government of Tamil Nadu this week during the Tamil Nadu Global Investment Meet 2024.

Greenbase Industrial & Logistics Parks, a joint venture between Hiranandani Group and Blackstone Group, plans to invest Rs 1,500 crore to expand its warehousing portfolio in Chennai. The company aims to acquire an additional 450 acres of land, in addition to its existing 190-acre logistics park. The expansion is part of the company's strategy to develop industrial and logistics parks across key cities in India. The Indian logistics sector is expected to grow significantly in the coming years, attracting investments from global conglomerates.

Get latest articles and stories on Latest News at LatestLY. Global investment firm Blackstone-sponsored Nexus Select Trust plans to double its portfolio of shopping malls in next 4-5 years to 20 million square feet through acquisition mode. Latest News | Blackstone-backed Nexus Select Trust Plans to Double Shopping Mall Portfolio in 4-5 Yrs Thru Acquisition Mode.