Bengaluru (Karnataka) [India], July 26 (ANI/BusinessWire India): Panattoni, one of the largest industrial real estate developers in the world, has marked its debut in Asian markets with the opening of its first operational headquarters in India located in Bengaluru, the capital and largest city in the southwest state of Karnataka. Panattoni India is led by Managing Director, Sandeep Chanda, formerly head of strategy & acquisitions at Embassy Industrial Parks. The company plans to introduce its 'open book' transparent business model of partnering with global institutional investors to facilitate the deployment of capital in direct investments in the fast-expanding Indian industrial and warehouse market. Panattoni's initial focus of growth is on the top eight Indian cities, and it aims to launch its first two to three projects by the end of 2023 involving an initial investment of USD 200 million (EUR193 million). The second phase of expansion in tier-2 markets will follow
Get latest articles and stories on Latest News at LatestLY. The US-based Panattoni will invest USD 200 million (around Rs 1,597 crore) in India to develop four industrial and logistics parks across major cities as it sees huge growth potential amid rising demand for warehouses. Latest News | US-based Panattoni to Invest USD 200mn on Building 4 Logistics Parks in India.
Panattoni – one of the largest industrial real estate developers in the world – has marked its debut in Asian markets with the opening of its first operational headquarters in India, located in.
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