Real estate developer Sumadhura Group has leased a 1.8 lakh-square feet warehousing space for nine years to global logistics company NX Logistics India (Nippon Express) at Sumadhura Logistics Park in Bengaluru, the company said in a statement on September 12. Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru(Sumadhura Group) The facility is a part of the first phase of development of Sumadhura Logistics Parks, spanning 2.5 million square feet of commercial warehousing space on a 100-acre land parcel in Hoskote town. It entails an investment of ₹600 crore, the company said. Also Read: IndoSpace to develop two logistics parks in Karnataka for an investment of ₹580 crore According to the statement, the realty player plans to expand the warehousing space to 6 million square feet in the next phase. Overall, the brand is planning to come up with a total of 500 acres of warehousing and industrial parks in the next few years, as per information available on the company website. “The increasing demand for Grade A warehouses across various …