Panattoni India to Invest Rs 210 Cr in Tamil Nadu logistics park          

Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world.

The total leasable area in this upcoming project will be 5.5 lakh sq ft. This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore. The construction work will start in the next few months, and completion is expected in the second quarter of 2026. The company has roped in an investor for the development of this project. It will also take debt from financial institutions.

The upcoming project — Panattoni Park, Hosur I — will cater to a diverse mix of occupiers, from e-commerce and 3PL players to FMCG and manufacturing companies, offering scalable, high-performance infrastructure built to Grade A specifications.

Panattoni launched its first Indian development, Panattoni Park NH71 in Delhi NCR, in July 2024, with a 360,000 sq. ft. facility currently under construction. On average, Panattoni invests around EUR 8 billion a year globally. The commencement of the Indian operations in 2022 marks Panattoni’s entry into Asia. Panattoni has delivered 22.3 million square meters in Europe and 56.3 million square meters globally, with an additional 3.1 million square meters under construction in Europe.