ESR Leases 48,800 Sq. Ft. Industrial Space To UPM In Navi Mumba

ESR Group Limited ("ESR" or the "Company", together with its subsidiaries, the "Group"; SEHK Stock Code: 1821), Asia-Pacific's leading New Economy real asset manager, has leased 48,800 sq. ft. (over 4,500 square metres (“sqm”)) of prime industrial real estate to UPM's business unit UPM Raflatac, a world-leading sustainable labelling solutions provider. UPM will use this space in ESR Taloja Industrial & Logistics Park (“ESR Taloja”) to serve its growing customer base in India and achieve higher efficiency in their operations.

UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new space will provide them with a modern and efficient facility to streamline their operations, including warehousing and distribution. This collaboration amplifies Navi Mumbai's rising eminence as a preferred industrial destination for international enterprises.

Situated near the JNPT port and well-connected to Mumbai, Navi Mumbai, and Thane, the park offers excellent access to key transportation routes. The Grade A+ sustainable infrastructure, pre-certified Gold by IGBC, ensures efficient operations and aligns with UPM's commitment to sustainability. The additional space will allow UPM to expand its warehousing and distribution capabilities, catering to the growing demand for its labelling solutions. The space can be configured to accommodate potential value-added services, further enhancing UPM Raflatac's offerings to customers.