Logiy Spaces to invest $37 mn to build logistic park in Karnataka ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 24
Industrial and logistic park developer Logiy Spaces has tied up with AA Holdings to build a new project at Narasapura, Karnataka with an investment of USD 37 million (around Rs 300 crore). In a statement, AA Holdings, which has recently been formed by Abhijit Verma, said it has formed a joint venture with Logiy Spaces to invest USD 37 million for the development of 1 million square feet of industrial and logistics park. The project is scheduled for completion by September 2023. "In our endeavour to enable local landlords and aggregators to become successful micro entrepreneurs and fulfil the need for quality commercial spaces in the country, we floated AA Holdings to provide them the right g

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