India: ESR partners Future Group to set up two logistics parks with $42m investment

India: ESR partners Future Group to set up two logistics parks with $42m investment

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Warburg Pincus-backed logistics real estate firm e-Shang Redwood (ESR) on Tuesday tied up with Future Group to develop two logistics parks with an investment of 300 crore.

The logistics parks, to be located at Nagpur and Gurugram, will span 75 acres with a potential development of around 1.3 million sq. ft, the two companies said in a statement.

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