Danish agency LJM leases 50,000 sq ft warehousing area in IndoSpace’s Chennai park

Industrial and logistics parks developer IndoSpace has leased out 50,000 sq. ft of warehousing area in Chennai industrial park to Denmark-based hydraulic cylinder maker Lind Jensen Equipment (LJM). “IndoSpace has expanded its tenant portfolio by onboarding LJM. The corporate will arrange its first manufacturing facility in India at Oragadam II in Chennai the place it should produce hydraulic pitch, lock cylinders, and accumulators for the wind turbine trade,” IndoSpace stated in an announcement.

Collectively promoted by Everstone Group LLP, GLP and Realterm, IndoSpace is the nation’s largest developer and proprietor of Grade A industrial actual property and logistics parks. IndoSpace has an intensive presence in Tamil Nadu with 15 Grade A industrial and logistics parks positioned throughout the principle industrial space.

The power is anticipated to be purposeful subsequent month. It is going to be LJM’s second manufacturing plant in Asia after China, it stated.LJM plans to develop elements for the wind vitality sector to cater to each native and worldwide markets. The challenge has acquired an funding of two million euros thus far, IndoSpace stated.

“We see a terrific alternative to arrange the unit right here given the long-term potential, not simply within the wind turbine section, but in addition in different sectors. For us, it’s the good time to be right here, and we’re certain that India will turn out to be an export hub for areas similar to North America, South America, and Europe sooner or later,” stated Martin Anderson, CEO at LJM. IndoSpace has a community of 44 logistics parks with 49-million sq. ft delivered/underneath improvement throughout 10 cities.

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