GMR Hyderabad Aerotropolis Ltd, a subsidiary of GMR Hyderabad lnternationaI Airport Limited, has formed a joint venture with global logistics real estate firm ESR to jointly develop a 66-acre logistics park in Hyderabad for ₹550 crore. ESR and GMR have entered into definitive agreements with an equity interest of 70% and 30% respectively in the special purpose vehicle (SPV), namely, GMR Logistics Park Pvt Ltd.
GMR forms JV with ESR to build logistics park in Hyderabad for ₹550 cr
Date posted: Friday 17 January 2020