GreenBase Logistics inks deal with Jost India for 2L sq ft industrial lease

Chennai:

Greenbase

Industrial & Logistics Park, a

Niranjan Hiranandani Group

and Blackstone JV, on Friday announced the lease deal of two lakh sq ft built to suit industrial space at Oragadam near Chennai for

Jost India

, a leading manufacturer of components for commercial vehicles and agricultural equipment. The lease deal is signed for a tenure of 10 years at the self-sustainable mixed used integrated township

Hiranandani Parks

, Oragadam, off south-west Chennai spread across 400 acres. The facility is planned to be delivered and operational by the end of 2022 generating employment for nearly 200 people, a statement from Greenbase said.Niranjan Hiranandani, founder, Hiranandani Group and chairman – Greenbase Industrial & Logistics Park said, “With the signing of this deal, our total delivered portfolio stands at 1.5mn sq ft at Greenbase Chennai, a milestone accomplished in the short span of two years despite the unprecedented Covid crisis.” tNN