The Apeejay Surrendra Group has raised INR 300 crores for its logistics and industrial parks division through the Non-Convertible Debentures (NCD) route. The fund will fuel the ongoing expansion drive of the century-old Kolkata-based services and industrial conglomerate, Apeejay Surrendra Group’s Real Estate division, Apeejay Real Estate (ARE).
ARE has a rapidly expanding and diverse portfolio of interests in logistics and industrial parks, residential, commercial, hospitality, co-working spaces and business centres, service apartments, cultural and educational institutions, and retail across multiple locations in India.
Its logistics and industrial parks located in cities across India including Delhi NCR, Kolkata, Dankuni, Haldia, and Kalinganagar, the company portfolio boasts of continuously developing Grade-A quality warehouse facilities. Mr. Karan Paul, Chairman, Apeejay Surrendra Group said, “The government projection to reduce costs in the logistics sector by 10% in the next 5 years, unified policy, and a regulatory environment for end-to-end logistics services make the logistics and warehouse more and more promising. Backed by the government policy and with funds coming in, we are now on a rapid expansion drive”.
