Lloyds Enterprises announced that its subsidiary, Lloyds Realty Developers (LRDL), has signed a non-binding Memorandum of Understanding (MoU) with Calculus Logistech (CLPL) and its existing shareholders.
This MOU marks LRDL's strategic entry into the fast-growing warehousing and logistics infrastructure sector, leveraging a prime
99-acre land parcel in Taloja, Navi Mumbai region, with an additional potential of
32 acres of aggregation.
As per the MOU: œ LRDL will acquire a 51% equity stake in CLPL for Rs 60 crores. œ LRDL will extend up to Rs 242 crores as structured secured debt to CLPL for contiguous land aggregation and regulatory approvals. œ The land parcel is envisioned to be developed into a world-class logistics and warehousing hub, with possibilities for industrial or data centre use, enabling strong value creation through eventual sale or lease to end-users. œ Taloja is a well-developed industrial hub located just 40 km from central Mumbai, and is already home to several major industries
The entire land aggregation is expected to be completed within 9 months following the definitive agreements, and the subsequent sale or lease of developed plots is targeted within around 24 months post-aggregation.
This project has the potential to become a substantial revenue generator for LRDL, with an estimated total revenue potential exceeding Rs 1,250 crore over approximately three to four years depending on final land use and market absorption.