GMR forms JV with ESR to build logistics park in Hyderabad for ₹550 cr
- ESR and GMR have entered into definitive agreements with an equity interest of 70% and 30% respectively
- Warburg Pincus-backed ESR has been on an expansion spree in India for last 12 months
MUMBAI : 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.
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