New Delhi, September 9: Arwade Infrastructure Limited, India’s pioneering design and construction company, is set to add another landmark development to its portfolio by constructing ESR’s first urban distribution center in Delhi. This project will amplify distribution in the city of Delhi with much-needed A-grade infrastructure to support fast trade activities in the densely populated catchment areas of Rohini, Shalimar Bagh, Pitampura, Ashok Vihar and Model Town.
ESR selected Arwade Infrastructure Limited as the construction partner for the project due to the company’s deep technical expertise, local land-use planning knowledge and significant experience in establishing brownfield projects. and complex brownfield sites in accordance with global safety and quality standards.
During the groundbreaking ceremony for the project, Mr. Nitin Arwade, Managing Director of Arwade Infrastructure Ltd., said, “We are honored to partner with ESR for their first urban distribution center in India. ESR has successfully developed multi-storey logistics facilities and distribution centers in the Asia-Pacific region. We want to implement their international learning in the Indian market. Rapid commerce adoption has increased significantly during the pandemic, and there is an immediate need for compliant infrastructure to meet this demand. Our skilled and dedicated team will bring top notch development expertise. We believe that the backbone of our economic growth is quality infrastructure, and we are proud to be part of India’s growth story.
On the occasion, Mr. Abhijit Malkani, CEO, ESR India said, “We are delighted to launch our first city distribution site in Delhi to meet the growing need for Grade A infrastructure in urban areas. India’s digital economy has fueled rapid growth in rapid trade. However, the availability of compliant facilities in cities remains a challenge. We want to fill this gap in the market by developing our first multi-level urban distribution center in Delhi and expanding to other key metros soon.
ESR’s urban distribution center will be IGBC (Indian Green Building Certified) to meet ESR’s commitment to the environment.
About Arwade Infrastructure Ltd.
Arwade Infrastructure Limited is an award-winning EPC / Design & Build company that sets up large industrial / warehousing complexes and institutional projects across India. The company is a preferred partner of many global and Indian conglomerates setting up Green Field projects and Brown Field complexes with global safety and quality standards.
ESR is APAC’s largest real estate asset manager powered by the new economy and the third largest listed real estate investment manager in the world. With total assets under management (AUM) of US$140.2 billion, our fully integrated development and investment management platform spans major APAC markets including China, Japan, South Korea, South, Australia, Singapore, India, New Zealand and Southeast Asia, accounting for over 95% of GDP in Asia-Pacific, and includes a growing presence in Europe and the United States. We offer a diverse range of real-asset investment solutions and new-economy real estate development opportunities across our private fund businesses, enabling financial partners and clients to capitalize on the secular trends more significant in APAC. ESR is the largest REIT sponsor and manager in APAC, with total assets under management of US$45 billion. Our purpose – Space and Investment Solutions for a Sustainable Future – drives us to manage sustainably and impactfully, and we view the environment and the communities in which we operate as key stakeholders in our business. Listed on the Main Board of the Hong Kong Stock Exchange, ESR is part of the FTSE Global Equity (Large Cap) Index Series, the Hang Seng Composite Index and the MSCI Hong Kong Index. More information is available at www.esr.com and www.in.esr.com.
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