Transindia Real Estate (TREL) announced a definitive agreement for portfolio optimisation through the divestment of key assets.
Transindia Real Estate (TREL), the resultant of Allcargo Logistics’s demerger, has finalised an agreement to sell its logistics park in Jhajjar, Haryana, at an enterprise value of approximately ₹636.71 crore. This divestment is set to yield substantial value, ensuring TREL remains debt-free.
In addition to the Jhajjar park, TREL has also divested its 10 percent stake in various logistics and industrial entities, garnering an equity consideration of ₹4.55 Crores. The cash proceeds from these transactions amount to over ₹433.37 crore. TREL plans to deploy these funds to fuel its growth initiatives, expanding operations in different locations and enhancing financial capabilities for fresh investments in emerging business opportunities.
Shashi Kiran Shetty, Founder and Chairman of Allcargo Group, highlighted the pivotal role of logistics infrastructure in India’s growth, expressing confidence in TREL’s continued contribution. Jatin Chokshi, Managing Director of TREL, emphasised their commitment to developing world-class logistics projects, aligning with India’s progress as a global manufacturing hub.
TREL, with a proven track record, manages 5.05 million sq ft of industrial and logistics parks across various states, catering to major micro-markets. The company’s strategic vision focuses on maximising returns while ensuring sustained growth. Currently expanding its Grade A warehousing space in Karnataka, TREL aims to set up advanced logistics infrastructure with environmental sustainability at the forefront, aligning with Allcargo Group’s commitment to reducing carbon footprint.
