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EcoBox Industrial Parks, a newly formed operating platform of Logicap Advisors, backed by Alta Capital, has acquired 50 acre of land for the development of a greenfield logistics asset in Chennai’s Mannur locality. This marks the company’s first land deal of the year. The company plans to develop 1.2 million square feet of industrial and logistics space, with an investment of over Rs 4 billion. Located just three kilometers from State Highway 50, the project is set to meet the growing demand for modern industrial and logistics facilities. Ashish Shah, CEO of EcoBox Industrial Parks, mentioned that Mannur’s strategic location and connectivity make it an ideal site to address the increasing demand for modern industrial infrastructure. He added that this acquisition is an important step in expanding their presence in key industrial regions of India. EcoBox Industrial Parks has also taken over the management of 3.6 million square feet of industrial assets acquired by Logicap from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, EcoBox's total managed space now amounts to 4.8 million square feet since its formation in 2024. Alta Capital, founded by Siddhartha Gupta in 2021, is the sole operating partner of Rava Partners in India. Rava Partners is the real estate division of Singapore’s Hillhouse Investments. Since its inception, Rava Partners has invested over $2.5 billion across Asia, with more than $1.1 billion of that committed in India through Alta Capital. Logicap Advisors, the logistics arm of Alta Capital, is among the fastest-growing logistics infrastructure companies in India, with a total portfolio of 13 million square feet, making it the fifth-largest in the country. The Mannur site, strategically located in Tamil Nadu’s expanding industrial ecosystem, is well-connected to key industrial corridors and Chennai’s manufacturing base. The development will cater to industries such as e-commerce, third-party logistics, and light manufacturing, enhancing the region's supply chain infrastructure.