Panattoni India to Launch industrial and Logistics Park in Tamil Nadu
Panattoni India is investing about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India.
It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world.
"Our foray into the Hosur market underscores Panattoni's commitment to strengthening our presence in Tier-1 cities and high-potential warehouse corridors," says Sandeep Chanda, Managing Director, India, Panattoni.
"This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore," Sandeep says.
The building project is set to begin within the next few months, with an anticipated finish in the second quarter of 2026.
In response to a question about funding, Sandeep states that an investor has been brought on board for the project's development. It will additionally borrow money from financial institutions.
"India continues to be a priority geography in our global strategy. The launch of Panattoni Park, Hosur I, reflects our commitment to building a future-ready, pan-India industrial and logistics platform. Our long-term investment plans will continue to support India's expanding consumption and manufacturing base," says Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India.
The forthcoming initiative, Panattoni Park, Hosur I, will serve a varied range of tenants, including e-commerce and 3PL firms as well as FMCG and manufacturing businesses, providing scalable, high-quality infrastructure constructed to Grade A standards.
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The initiation of the Indian operations in 2022 signifies Panattoni's arrival in Asia. Panattoni has completed 22.3 million square meters in Europe and 56.3 million square meters worldwide, with another 3.1 million square meters currently being built in Europe.