Xander Leases 11 Lakh Sq Ft Warehousing Space to Amazon, Flipkart
Singapore-based alternate investment firm Xander Group has leased around 11 lakh sq ft of warehousing space to e-commerce firms Amazon India and Walmart-owned Flipkart in Bhiwandi, Maharashtra. The leasing transaction has been done from Xander’s warehousing platform, a $250 million industrial real estate venture that it set up in 2019.
The adjacent land parcels in Bhiwandi will house fulfillment centre for Amazon and Flipkart, which have been expanding its warehousing space across the country, as e-commerce sales shot up in the last year. Flipkart and Amazon have leased anywhere between 5-6 lakh sq ft each. Of this, Flipkart has so occupied 4 lakh sq ft and the balance will be occupied by July. Amazon has so far occupied 3 lakh sq ft and the balance will be functional next month.