Xander Group Inc., a Singapore-based alternative investment company, has acquired a 31-acre logistics park in Bagnan, located in West Bengal’s Howrah district, in its first warehousing investment in eastern India as regional demand grows, two people familiar with the development said.
At the 800,000 sq ft logistics park on NH-6 (Kolkata – Mumbai Highway), about 55 kilometres (km) from Kolkata, around 50% is leased to e-commerce major Flipkart while the balance area is under construction.
