Asia Pacific-focused investment major ESR Group has acquired additional 27 acres of land, thus expanding its industrial and logistics park in Oragadam, Chennai. With this acquisition, the expanded area of ESR Oragadam Industrial & Logistics Park will now span 107 acres, creating a development potential of 2.5 million sq. ft.

The company will invest over Rs 276 crore for construction and development, including land cost, of the additional space. This latest expansion builds upon the delivery of Oragadam’s first two phases, with occupiers such as CUBIC, automotive research and development firm A2Mac1, and labelling company CCL.

By upgrading the supply chain with modern infrastructure, and integrating green building practices in the design for businesses to operate efficiently, the expansion will help contribute to the industrial transformation of the state.

The company’s additional investment will provide the opportunity for other major customers to establish their operations in the Oragadam-Sriperumbudur hub, which has witnessed robust demand for Grade-A industrial buildings in the past two years.

ESR Oragadam is strategically located along State Highway 48, with multimodal connectivity by air, road, rail, and sea, as well as access to three major ports.