ESR India Achieves Milestone Construction Progress On Its Multi-Level Urban Distribution Centre In Delhi

Delhi, July 12, 2023: ESR Group Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager powered by the New Economy, is making significant progress in constructing its Urban Distribution Centre in Delhi. The project consists of two buildings, and construction is underway for both. Building 1 is approximately 30% complete, with the first-floor slab currently being laid out. Scaffolding work is in progress for building 2, which is currently 20% complete. ESR aims to complete the construction of this multilevel distribution centre by the end of 2023.

Situated in Alipur, northwest Delhi, the site will enable just-in-time delivery to 2 million customers in Rohini, Shalimar Bagh, Pitampura, Ashok Vihar, and Model Town, all reachable within 20 minutes. The location offers excellent connectivity throughout the city via the Outer Ring Road, just a 5-minute drive from the site, and the Eastern Peripheral Expressway (KMP). It also provides access to the neighbouring states of Haryana and Punjab via NH44. The upcoming UER 2 starts from NH 44 at Alipur, close to ESR's Urban Distribution Centre, will connect Rohini, Mundka, Najafgarh, and Dwarka and end at Delhi–Gurgaon Expressway on National Highway 48 and make IGI airport accessible from this location within 40 minutes.

ESR will become the first institutional developer to launch a state-of-the-art in-city facility in Delhi, which currently faces a shortage of high-quality warehouses with the latest technology, safety, and security measures.

As ESR's first G+2 structure in India, it follows the best development practices for multilevel warehouses across the Asia Pacific region. This Urban Distribution Centre will enable just-in-time delivery for approximately 2 million consumers within a 20-minute drive, with quick access to the Outer Ring Road within 5 minutes. Its ideal location will benefit online grocery formats, pharmaceutical deliveries, cloud kitchens, packaging, e-commerce, and cold storage segments. Additionally, it provides higher efficiency in storage volumes, enhanced connectivity for the workforce through the metro network, and advanced security with AI-enabled cameras. ESR's Green Buildings promote energy, water, waste, and material efficiency, benefiting its occupants' indoor environment quality and occupational health. With these advantages, ESR's Urban Distribution Centre offers businesses a strategic and sustainable solution to access Delhi's most populated neighbourhoods.

Mr. Abhijit Malkani, CEO, ESR India said, “We are thrilled by the remarkable progress of our inaugural Urban Distribution Centre in Delhi. It is one of our ambitious projects and aims to bridge the gap in the availability of compliant facilities in city peripheries. This project is a testament to our unwavering commitment to ease in-city distribution in Delhi; and draws upon our extensive experience constructing multilevel warehouses across the Asia Pacific region.”