Asia Pacific-focused real estate services and investment major ESR Group has leased 48,800 sq ft of industrial real estate to UPM’s business unit and a sustainable labelling solutions provider UPM Raflatac.
UPM will be utilising this space in ESR Taloja Industrial & Logistics Park to serve its growing customer base in India and achieve higher efficiency in their operations.
“This expansion reflects our commitment to supporting the dynamic growth of the Indian market. Our growing business demands a human-centric space that aligns seamlessly with our sustainability objectives,” said Suresh Valecha – Country Manager of UPM Raflatac, India.
UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling.
“This collaboration goes above and beyond operational efficiency–it empowers UPM to operate a sustainable supply chain operation, supported by ESR’s extensive New Economy development and asset management expertise,” said Abhijit Malkani, CEO of ESR India.
Spread over 90 acre, ESR Taloja is an industrial and logistics park adjacent to Taloja MIDC. The industrial hub encompasses food processing, FMCG, engineering, pharmaceuticals, cold chain, logistics, and warehousing sectors.
In India, ESR manages 22 industrial and logistics parks with total assets under management of $1.7 billion and 2.8 million sq meter of gross floor area as of December 2023.
