Warburg Pincus-backed logistics development platform ESR India is in talks to acquire at least eight new warehousing projects in the country.

These transactions are expected to be concluded over 2022.

New additions will mostly be greenfield land acquisitions besides around six million sq ft of projects. The latter will get operational by the end of 2021, with an objective of at least 25 percent annual growth.

ESR India is focussing on acquiring land in metros including Mumbai, Pune, Delhi-NCR, Hyderabad, Kolkata, Chennai and Bengaluru.

The ESR Group is the largest Asia-Pacific-focused logistics real estate platform. It has assets under management (AUM) with gross floor area (GFA) of 201.3 million sq ft in operation and under development. It also has an additional GFA of around 77.5 million sq ft of development in the pipeline.

The company is planning to invest Rs 330 crore to develop an industrial and logistics park spread over 38 acres at the industrial manufacturing hub Chakan in Pune, Maharashtra. The new logistics park will be ESR’s second such development in Chakan.

The new Chakan facility will serve as the hub for light manufacturing and logistics operations in the western region of the country. ESR’s first logistics park in Chakan is spread over 53 acre in MIDC and is operational from Q4/2019.

Apart from Pune, ESR India is currently developing warehousing projects at Hosur in Bengaluru, Farrukhnagar and Bilaspur in Delhi-NCR, Kothur in Hyderabad and Sriperumbudur in Tamil Nadu.

The company is putting a lot of focus on ready buildings, cold storage, multi-storey spaces for city distribution, plug-and-play facilities for the industry apart from its push for land acquisitions.