APN News

  • Wednesday, July, 2022| Today's Market | Current Time: 10:10:29
  • ESR leases 43,000 sq.ft. industrial space to A2Mac1 in Chennai

    Published on April 12, 2022

    ~Robust industrial leasing momentum continues amongst international companies in Chennai~

    ESR, Asia Pacific’s largest real asset manager powered by the New Economy, has leased 43,000 sq. ft. of prime industrial real estate to A2Mac1, the worldwide leader in the competitive benchmarking industry and reverse engineering for the automotive sector. The property is primely located in Oragadam, which is also known as The Detroit of India as it houses seven of twenty global automobile manufacturers, hence providing the ideal ecosystem for A2Mac1.

    A2Mac1, headquartered in France, will use this grade A facility for developing unmatched data and reports for automobile companies in terms of design, performance, and cost. A2Mac1 solutions enable their clients to unlock insights to identify critical opportunities and accelerate innovation in the automobile industry.

    Abhijit Malkani, Country Head, ESR India, stated “As the automobile industry goes through a transformation, R&D and creation of breakthrough products is the need of the hour. We are thrilled to support A2Mac1, a company at the forefront of pushing innovation in this segment. As the interest in India rises among global companies, we look forward to creating an ecosystem to support international companies to thrive on India’s manufacturing prowess and industrial infrastructure.”

    Mr. Vinod Muppala, Benchmarking Plant Manager, A2Mac1 India stated, “We are impressed by the quality of infrastructure and workplace environment ESR Oragadam will be providing us to upgrade our testing facility in Chennai. We look forward to a long-term partnership to keeping growing our endeavours in India.”

    Spread across 80 acres, ESR Oragadam is a state-of-the-art industrial & logistics park in the heart of Oragadam’s industrial belt. Oragadam houses over 22 Fortune 500 companies and is an existing hub for sectors such as automobile, auto-ancillary, R&D centres, 3PLs, electronics, energy, aerospace and defence. This facility is developed with global standards keeping sustainability at the forefront. ESR Oragadam has been pre-certified gold by IGBC (Indian Green Building Council).

    The development will benefit A2Mac1 for its prime automobile manufacturing location, business environment, infrastructure, relevant workforce, and connectivity to the world through ports.


    Leave a Reply