ESR Bestowed With Best Industrial Project Of The Year At Realty+ Conclave & Excellence Awards 2021
Mumbai,February 27,2021:ESR, a leading Asia Pacific focused logistics real estate platform, has been felicitated with best industrial project of the year at 12th edition of Realty+ Conclave & Excellence Awards, for its a state-of-the-art, industrial and logistics parkat Chakan,near Pune in Maharashtra.Organised by Exchange4media Group, the event focused on bestowing accolades to notable projects in Pune region.
Additionally, the virtual evening delivered insightful discussions between esteemed real estate leaders on the revival of the sector, urban planning, Pune commercial realty and the housing market and was attended by eminent personalities from across the real estate industry.
Poised to be one of the largest in the region, ESR Chakan1is a landmark development aimedto provide exceptional facilities and services for customer centricity, architectural designs, quality and safetyand is expected to support national and global businesses with state-of-the-art infrastructure solutions.This facility will serve as a fulcrum for the procurement and distribution hub to support business growth in the western region of the country.
Speakingon the achievement,Abhijit Malkani & Jai Mirpuri, Country Heads, ESR Indiastated, “Chakan 1 was one of our flagship projects in India, and we aimed to deliver a new-age industrial and logistics space solution that is smart, sustainable and human-centric. We are honoured for being recognisedfor our innovative spacesand being awarded the Industrial Project of the Year by Realty+ Excellence Awards, Pune.”
“This recognition further cements our position not only as APAC’s leading logistics real estate platform, but as a company that consistently leads the industry with the highest standards of quality and innovation,” they further added.
For the last 12 years, the Realty+ Conclave & Excellence Awards have been evaluating exemplary work in design and architecture, project development, brand development and acknowledges the growing significance of corporate brands as a treasured business asset.This has been a unique year for real estate and winners of these virtual awards will stand a testament to the resilience, innovation and vision of the region’s realty industry.
ESR is the largest APAC focused logistics real estate platformby gross floor area (GFA) and by value of the assets owned directly and by the funds and investment vehicles it manages. Co-founded by its senior management team and Warburg Pincus, ESR and the funds and investment vehicles it manages are backed by some of the world’s preeminent investors including APG, SK Holdings, JD.com, CPP Investments, Oxford Properties andPGGM. The ESR platform spans across the People’s Republic of China, Japan, South Korea, Singapore, Australia and India. As of 30 June 2020, the fair value of the properties directly held by ESR and the assets under management with respect to the funds and investment vehicles managed by ESR recorded approximately US$26.5 billion, and GFA of properties completed and under development as well as GFA to be built on land held for future development comprised 18.7 million sqm in total. ESR has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 1 November 2019.
Realty+ was created to understand the needs of the real estate business. For the past 16 years, it has been at the forefront of news and stories influencing the world of real estate. Recognised as “The Best Real Estate Magazine” by Real Estate Development Council (NAREDCO), it is a part of the exchange4media group publications, a premier media house in India with offices in Noida, Gurgaon, Mumbai, Bangalore, Chennai and Kolkata.