EcoBox Industrial Parks acquires 50 acres in Chennai for 1.2 million sq ft development
EcoBox Industrial Parks, a newly formed operating platform of Logicap Advisors, backed by Alta Capital, has acquired 50 acres of land for greenfield logistic asset development in Chennai’s Mannur locality in the first land deal this year.
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The company is planning to undertake industrial and logistics development spread over 1.2 million sq ft with an investment of over Rs 400 crore. The project located three kms from state highway 50 will cater to the increasing demand for modern industrial and logistics facilities.
“Mannur’s strategic location and connectivity make it an ideal site for addressing the growing demand for modern industrial infrastructure. This acquisition is an important step in expanding our presence in India’s key industrial regions,” said Ashish Shah, CEO, EcoBox Industrial Parks.
EcoBox Industrial Parks has also assumed management of the recent acquisitions by Logicap of 3.6 million sq ft of industrial assets from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, EcoBox’s portfolio now totals 4.8 million sq ft of managed space since its formation in 2024.
Founded by Siddhartha Gupta in 2021, former MD of Blackstone India, Alta Capital is the sole operating partner of Rava Partners in India.
