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ESR leases 1.08 lakh sq ft industrial space to CUBIC

Monday, 19 Apr 2021
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Warburg Pincus-backed industrial and logistics development platform ESR India has leased 1,08,000 sq ft prime industrial real estate at its Chennai industrial park in Tamil Nadu to CUBIC.

This will be the European company’s first manufacturing facility in India that will provide products and solutions for a wide range of sectors such as marine, infrastructure, power, manufacturing, renewable energy, offshore, mining, and data centres across the country.

The space has been leased for a tenure of five years with the agreement providing for an option to increase it later.

The new facility will come up at ESR Oragadam Industrial & Logistics Park spread over 36 acre, which already houses over 22 Fortune 500 companies and is an existing hub for sectors such as automobile, auto-ancillary, Research & Development (R&D) centres, third-party logistics, electronics, energy, aerospace and defence.

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