Xander acquires addl 1 mn sq ft warehousing space in SEZ near Chennai

Singapore-based Xander Investment Management has acquired an additional 1 million sq ft of warehousing space in Free Trade and Warehousing Zone (FTWZ) at Sriperumbudur, near Chennai. It already owns 1 million sq ft of warehouses in the FTWZ acquired over the last decade. The new acquisition will double its ownership in the park to 2 million sq ft. The park provides Grade-A warehousing and industrial facilities to global operators and manufacturers. Current occupiers include DHL, DB Schenker, Kerry Indev, TVS Supply Chain and Seaways Supply Chain.