Allcargo Logistics gives on lease 3mn sq ft warehousing space to e-commerce firm, sports retailer

March 18 , 2020
Publication: Economic Times
Source: https://bit.ly/2zdlGnB

AllCargo Logistics has leased nearly 3 million sq ft warehousing space in Delhi-NCR, Bengaluru and Hyderabad to a large e-commerce player and a global sports goods retailer. 

Property consultant JLL India facilitated AllCargo Logistics, which is a part of Avvashya Group, in leasing about 3 million sq ft warehousing space. 

The deal will enable setting up of warehousing facilities for a large e-commerce retailer and a multi-national sports goods retailer. 

"The warehousing and logistics sector in the country continues to perform strongly. Riding on a maturity curve, the sector has been witnessing investments from developers and potential big occupier companies across sectors with a long-term view.

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