EcoBox Industrial Parks acquires 50 acres in Chennai for industrial and logistics development
EcoBox Industrial Parks, a newly formed operating platform of Alta Capital’s Logicap Advisors, has acquired 50 acres of prime land for greenfield development in Mannur, Chennai. The project located 3 km from SH 50, with a planned development area of 1.2 million square feet (mn sq ft) and an investment outlay of over Rs 400 crore, will serve the increasing demand for modern industrial and logistics facilities in India.
Strategically located in Tamil Nadu’s thriving industrial ecosystem, the Mannur site acquired by EcoBox Industrial Parks offers excellent connectivity to key industrial corridors and Chennai’s manufacturing base. The project is designed to support industries such as e-commerce, third-party logistics, and light manufacturing, strengthening the region’s supply chain infrastructure.
Ashish Shah, Chief Executive Officer of EcoBox Industrial Parks, added: “Mannur’s strategic location and connectivity make it an ideal site for addressing the growing demand for modern industrial infrastructure. This acquisition represents an important step in expanding our presence in India’s key industrial regions.”
EcoBox Industrial Parks has also assumed management of the recent acquisitions by Logicap of 3.6 million square feet of industrial assets from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, EcoBox’s portfolio now totals 4.8 mn sq ft of managed space since its formation in 2023.
