LOGOS leases warehousing space to Amazon India
Logistics operator LOGOS has leased out a million sq. ft., of warehousing space in Devanahalli Industrial and Logistics Park, North Bengaluru to Amazon India. The 20year long lease tenure has a rental outflow of US$ 100 million. Built by LOGOS, the Amazon India facility will comprise a receiving centre, sorting centre, fulfilment centre and Amazon Retail in a single location, thus, enabling the firm to enhance operational efficiencies and service the growing demand in this region.
“LOGOS is committed to establishing a new benchmark of high quality and sustainable logistics warehousing in India to support the critical infrastructure services needed for new economy businesses in India,” said Mehul Shah, CEO, LOGOS India.