IndoSpace is the largest investor, developer and manager of Grade A Industrial and Logistics real estate in India and is sponsored by Everstone, Realterm and GLP.
Everstone is a premier investment group focused on the India and South East Asia region, with assets under management (AUM) in excess of US$ 5 billion across private equity, real estate, green infrastructure and venture capital. Realterm is a multi-strategy private equity real estate operator in North America with AUM of over US$ 4.5 billion. GLP is the leading global provider of modern logistics facilities and technology-led solutions, with AUM of over US$ 84 billion, spanning ~650 million Sq.ft.
Dominance In India And First Mover Advantage
Our Business model was founded on identifying a significant void in the market. When we entered the market the vast majority of warehousing and industrial facilities available were largely non-compliant and of poor quality, unable to meet global standards and specifications. IndoSpace launched the business in 2007 to capitalise on this opportunity and has subsequently pioneered modern industrial and logistics real estate in India with new generation industrial parks, creating best in class Grade A facilities.
As on date, the company has acquired over 1400 acres of prime industrial and warehousing land, across 10 markets and 21 sub-markets in India. In 2019, we have successfully added 7 new parks to the platform across our key target markets and are in the process of securing a further 1,000 acres of land within our existing investment vehicles. Rajesh Jaggi, Managing Partner, Real Estate, Everstone Group said, “We now offer more than 41 million square feet across 39 industrial and logistics parks. Our industry experience and regional expertise enables us to navigate through projects quickly and makes us competitive across the entire lifecycle of project development.”
Plug and Play
As parts of its real estate offering, IndoSpace provides ‘Ready-to-Move’ and ‘Build-to-Suit’ solutions for distribution, warehousing, and manufacturing, as well as container storage yards and other open storage areas. Our parks are designed for efficient and cost effective operations. All our parks are master planned to allow for the efficient movement and loading and unloading of trucks. Facility design includes ample clear heights, optimised column spacing, flat and super flat floors designed to support high cube racking, high dock door ratios, extensive concrete truck courts, truck parking , and common amenities. Building interiors are customised to meet tenant requirements and typically include dock levelers, fire detection and suppression systems, modern and efficient lighting, and office fit-outs.
We cater to the logistics infrastructure needs of leading players in automobiles, ecommerce, FMCG, 3PL, Retail, and manufacturing among other sectors. IndoSpace has amassed a marquee tenant network which includes Ikea, Amazon, Flipkart, Jockey, DHL, Ericsson, Bosch, Zara, Leoni, Fiat, Nissan, Tata, Schneider Electric, and Reliance.
We have recently added two new significant entrance to the platform through our partnership with Jabil Green Point (A division of Jabil Inc.) and Force MTU Power Systems Pvt. Ltd (JV between Force Motors and Rolls- Royce Power Systems) in Pune, Maharashtra.
Environmental Sustainability and Social Responsibility
Our award-winning industrial parks are the benchmark in quality, services, sustainability and governance. We were the first organisation to obtain EDGE certification for our parks. EDGE (Excellence in Design for Greater Efficiencies) is a green building standard and a certification system used in over 150 countries that was pioneered by IFC, part of the World Bank. By March 2020, we are proud to share that all operating parks of IndoSpace will have obtained EDGE certification.
As part of our efforts to pioneer and drive sustainability best practices in the industry, IndoSpace is also a founding member of IGBC (Indian Green building Council) and have established industry leading standards of environmental and social governance in our operations. IndoSpace rigidly follows Environmental Clearance (EC) norms set by Government of India and a key focus of our ESG targets is to reduce Green House Gas (GHG) emissions by 0.008 tCO2/year/sqm through carbon footprint monitoring. Other initiatives embedded in our overall development practices are the use of construction materials that embody 67% less energy and implement efficient building designs that lead to ~25% savings in energy and ~38% savings in water usage. In addition, the company is currently in the process of rolling out a roof top solar program across our stabilised platform, which is due to be completed by end 2020.
Sustainability is seamlessly aligned with our core business model and objectives, and coupled with this is our commitment towards social responsibility. While we transform spaces to create value for businesses, we are equally committed towards protecting the environment and communities within which we operate. Recently, IndoSpace has launched dedicated programs for decentralised waste management, 100% segregation of waste at source and afforestation at Chakan Pune, Maharashtra, where we are the largest industrial real estate developer with over 6 million sqft operational..
We are now starting pilot projects for providing value added solutions that emphasize the well-being of our customers and their employees stationed at our parks.
These include the provision of creche services, vocational training centres under the aegis of National Skill Development Corporation and gym facilities in our parks across India.
Commitment to Modernization of Supply Chain in India
As India is witnessing a shift towards increasing adoption of automation, robotics and supply chain management systems, there is a clear demand for more efficient and smart warehouses.
With over 260 skilled professionals, our team of industrial real estate experts isn’t just the largest, but also the most experienced in India. This is further strengthened and supported by our strategic joint venture partnership with GLP, the world’s 2nd largest developer in this sector, which has enabled us to leverage on the latest design, technology, and a further tap into an extensive global network of customers. IndoSpace is well poised to provide solutions, expertise and technology for efficient, custom built facilities for our clients’ operations in India.
IndoSpace has been consistently recognised by the industry and peers for its contribution to industrial real estate sector in India. This recognition comes in the form of 20 awards over the last 5 years. We were recently awarded the ‘Best Developer of Industrial/ Warehouse Real Estate in India’, fifth time in a row by Euromoney; and were also ranked among ‘Top 3 across all developers in India’ (residential, commercial and industrial). We won the Indian Industrial and Logistics Real Estate Developer Company of the Year Award 2019 by Frost & Sullivan; and the ELSC Leadership Award for ‘Best Industrial & Logistics Parks in India 2019.
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