France’s Manitou Equipments leases 1.25 lakh sqft A-Grade Warehouse in Greater Noida, signaling strategic expansion in collaboration with XRE Consultants.
Manitou Equipments, a heavy equipment manufacturing company headquartered in France having a presence in multiple countries across the globe has leased approx. 1.25 lakh square feet onKasna Road, Greater Noida, UP.
This facility is an A Grade Warehouse and 100 percent legally compliant logistics park with sufficient clear height, ample parking space, and an extremely high floor strength and is being developed by Great Value Logistics Park. Based on the specific and technical requirement of Manitou, the said facility has been constructed on a Built to Suite (BTS) model. The said deal has been transacted by XRE Consultants.
Manitou Equipments India’s decision to partner with XRE Consultants underscores the significance of strategic collaboration in today’s dynamic market. With an eye towards future growth and operational excellence, Manitou opted for a Built to Suit arrangement to ensure that the warehouse facility would perfectly align with their specific requirements.
“We are thrilled to partner with XRE Consultants for this crucial phase of our expansion journey,” said Anand Maheshwari, spokesperson for Manitou Equipments. Their expertise and dedication have played a pivotal role in facilitating the establishment of this world-class facility, which perfectly aligns with our operational and strategic objectives. XRE Consultants’ expertise and dedication facilitated a seamless process, exceeding expectations with their professionalism, responsiveness, and attention to detail. This collaboration represents a synergy of industry-leading expertise, culminating in the successful establishment of a state-of-the-art warehouse facility that aligns perfectly with Manitou’s operational and strategic goals.”, states Anand Maheshwari, Manitou.
“This warehouse facility with all the desired features, technicalities, and 100 percent compliance within the proximity of Manitou’s manufacturing/assembly plant in Greater Noida was not at all an easy task. Considering their requirement and expectations of having a flagship warehouse facility on lines of Manitou’s international warehouse standards.”, says Zafeer Ahmed, MD-Industrial and Warehousing services at XRE.
By 2028, the logistics and warehousing market in India is expected to rise to $650 billion, and XRE Consultants wants to take advantage of these expanding trends. Modern A Grade warehousing is in demand due to several factors, including government initiatives, the implementation of the GST, the expansion of e-commerce, Make in India, and technological advancements. To capitalise on the growing trends in the industry, XRE intends to expand its service territories to Tier II and III locations across the nation in the near future, adding MD-Industrial and Warehousing services of this fastest-growing commercial real estate firm.
