Logistics operator Pristine Value Logistics has signed a long-term lease agreement with the Antariksh Group to acquire 1,65,000 sq. ft. area at Bhiwandi, Maharashtra for establishing a warehousing facility.

The Grade A built-to-suit multi-client warehouse is expected to be operational by March next year. In a plug-and-play model, it will allow clients to scale and adjust operations with ease.

This expansion will strengthen Pristine Value Logistics' service delivery capabilities to cater to varied customers across industry verticals such as pharma and consumer healthcare, FMCG, spare parts logistics, e-commerce, among others.

The company currently has 11,00,000 sq ft. warehousing space at Bhiwandi capable of handling 35,000-plus boxes per day.

Once the Antariksh LogiPark facility becomes operational, the total area will reach up to 12,65,000 sq. ft. with a daily capacity to increase to 50,000 boxes per day.

This warehouse capacity will help meet the rising demand and to ensure efficient, customised and scalable solutions for its customers.