Lodha to Develop Tallest Warehouse in India for Skechers
Lodha, closed a built-to-suit transaction with Skechers, a leading global lifestyle and athletic footwear and apparel brand, to develop 1.1M sq. ft. at National Distribution Centre (NDC) at Lodha Industrial and Logistics Park, Palava. The state-of-the-art logistics centre will be the second largest NDC for Skechers in Asia and is expected to be the tallest warehouse in India, constructed on a single plinth and rising to a height of 17m at the eaves. The collaboration further establishes Lodha Industrial and Logistics Park (LILP) as Mumbai’s preferred logistics and industrial hub in the MMR region, and will allow the multi-billion dollar brand to serve its growing business in India as well as efficiently expand in the coming years. The development will be undertaken by Palava Induslogic 2, where Lodha and an affiliate of Morgan Stanley Real Estate Investing (“MSREI”) have partnered for developing a warehouse park spread across 72 acres land parcel. The new Skechers Distribution Centre will be undertaken in two phases, with the first phase being delivered in mid-2023. It is being designed to be an IGBC Platinum pre-certified building and will also be the first warehouse building in Western India to have FM1 super flat flooring. Shaishav Dharia, CEO, Townships, and Rental Assets, Lodha, said, “With this partnership, we are thrilled to achieve the landmark of concluding the largest warehousing transaction in the MMR in 2022. Key partnerships like these for LILP along with the recent announcement of the Green Digital Infrastructure Platform are in line with our aspirations of being a major player in India. Through this paramount collaboration with Skechers, we will leverage our development expertise and focus on sustainability to grow and enhance this best-in-class industrial and warehousing park.” Commenting on this collaboration, Rahul Vira, CEO, Skechers South Asia Pvt. Ltd said, “It was essential for us to find the right developer to meet our near-term needs and drive our business forward—and the Lodha Industrial and Logistics Park supports our growth on every level. The Skechers Distribution Centre is a testament to our commitment to the Indian market, enabling us to serve the consumer as we achieve scale. It is a great time to be operating in India’s rapidly growing footwear category—and we have fully geared up to take this leap towards establishing a stronger presence in the country.”
Tags : Lodha Warehouse India Skechers Shaishav Dharia CEO Townships and Rental Assets Lodha Rahul Vira CEO Skechers South Asia Pvt. Ltd