Live Breaking News & Updates on Sumeet Logistics Park

Mirae Asset Investment Managers (India) has acquired a pre-leased warehousing property in Bhiwandi, near Mumbai, from BGR Constructions for around INR 175 crore ($23.4m). The purchase was made through Mirae Asset s Credit Opportunities Fund and is the company s second such transaction in the last six months. The warehousing asset is a fulfilment centre for Amazon India and is located in a logistics park that also houses tenants including DHL and Bestseller. ....

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