Panattoni, a developer in industrial real estate, has announced the ground-breaking of its new warehouse park in Delhi-National Capital Region (NCR), India.
The Panattoni Park NH71 development, which is set to become an eco-friendly Grade A warehouse park, marks Panattoni India's entry into the domestic market.
The project was first unveiled last December. It is situated on National Highway 352 within Haryana's Jhajjar district.
Panattoni Europe, UK, Middle East and India CEO and co-owner Robert Dobrzycki said: “Panattoni Park NH71 serves as our gateway to India’s dynamic industrial market, marking our inaugural venture with the ground-breaking of Phase I in Delhi-NCR. This premier warehouse reflects our commitment to offering world-class spaces that empower businesses and drive economic growth.”
Spanning a site area of 66,000m², the park will provide more than 32,000m² of industrial and logistics space, catering to diverse operational requirements.
The park will also include loading bays, high floor tolerance, and accommodation to ensure streamlined logistics operations.
Its infrastructure will incorporate 100% wastewater recycling and green spaces surrounding the facility.
Moreover, the project will offer well-planned amenities, including sufficient parking, internal roads, and mezzanine office space comprising 3% of the warehouse area with a fire protection system.
Panattoni India managing director Sandeep Chanda said: “Panattoni Park NH71 brings our advanced design and construction expertise to the region. This project will leverage our access to a vast international occupier network, meeting the growing demand from Indian companies for sustainable industrial and logistics real estate."
Earlier this year, in March, Panattoni initiated construction on Panattoni Park Swindon, a brownfield site in the UK.
The ground-breaking ceremony for this project was attended by former UK prime minister Rishi Sunak alongside local Members of Parliament Robert Buckland and Justin Tomlinson, among others.
