Tata Trent leases 1,13,000 sq ft warehousing space in Vapi, Gujarat from Arete Group
Tata Trent has leased 1.13 lakh sq ft of warehousing space at Galaxy Hubco, a warehousing project in Talwada, near Vapi, Gujarat by Arete Group, a business conglomerate based in Gujarat. Situated with convenient access to NH-48, the facility ensures seamless connectivity for logistics operations. With ample clear eaves height, businesses can efficiently utilize vertical storage.
The lease agreement is for 15-year, showcasing the long-term commitment. The Galaxy Hubco spans a total land parcel of 15.7 acres, out of which 3.5 lakh sq ft capacity is dedicated to the build-to-suit (BTS) option or warehousing purposes. Galaxy Hubco offers a BTS model of 2.3 lakhsqft at the same site, catering to the evolving needs of businesses.
«At Galaxy Hubco, our customer-centric approach ensures that we deliver customized solutions that perfectly align with their unique storage requirements, optimizing efficiency and minimizing downtime. By offering state-of-the-art facilities, we aim to revolutionize the warehousing landscape in the region, empowering businesses with enhanced operational capabilities and ultimately propelling their growth,” said Siraj Saiyed, Director, Arete Group. Established in 1990, Arête group is a diversified business conglomerate with a significant presence in segments like industrial parks, real estate, retail, hospitality, and investments.
The company has emerged as one of the largest land aggregators in Gujarat, India with 7000-acre of land banking in South Gujarat. Industrial and warehousing sector recorded a total absorption of 22.4 million sq ft, indicating a 7% increase compared to the 20.9 million sq ft absorbed in the first half of 2022. Tier I cities accounted for 75% of the total absorption in the first
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