Ascendas India Trust (a-iTrust) will invest Rs 70 crore to acquire an additional warehouse project from Arshiya, near Mumbai.
The firm has entered into a construction funding and forward purchase agreement with Arshiya to develop an additional warehouse with a total leasable area of 3,25,503 square feet in the Arshiya Free Trade Warehousing Zone, Panvel near Mumbai.
Arshiya is engaged in providing end-to-end logistics and supply chain solutions to customers across the world.