IndoSpace, the leading industrial real estate developer and provider of modern logistics in India has leased a 122,256 square foot manufacturing facility to Dream Plast in Chakan, Pune. Dream Plast is strengthening its manufacturing capabilities to meet the increasing demand from the consumer goods industry.
Dream Plast is a subsidiary of the Italian Sunino Group of Companies. The company specialises in the production of promotional items for the confectionery market, food packaging, sports articles, and childcare products. The facility at IndoSpace Chakan-I will be used to manufacture promotional toys for children.
Brian Oravec, Managing Partner of IndoSpace Development Management Private Limited said, ´We are pleased to be the preferred developer for Dream Plast and look forward to meeting the company´s requirements. Our global industrial real estate experience along with local execution capabilities has enabled us to anticipate needs of Dream Plast and structure solutions that support their business plans.´
IndoSpace is the largest developer of industrial real estate in India today. Spread across 100 acres, IndoSpace Industrial Park Chakan I is a fully integrated industrial park. The park consists of 1.7 million square feet of modern warehouses and light manufacturing facilities that are designed to meet the manufacturing, logistics and supply chain needs of global companies.
About IndoSpace
IndoSpace is the largest developer of industrial and logistics real estate in India. Currently, IndoSpace has 12 projects under development across 5 cities in India, with a total target built-up area of 15 million square feet, covering a total area of over 700 acres.
IndoSpace parks are developed by IndoSpace Development Management Limited – a JV between Realterm Global and the Everstone Group. Realterm Global is an industrial real estate firm that manages approximately $2.5 billion across over 300 operating and development properties (~33 million square feet) in North America, Europe and India. The Everstone Group is a premier India and South East Asia focused investor with over $1 billion invested in India including the development of 32 million square feet of retail, residential, commercial and industrial real estate projects across 16 Indian cities.
About Dream Plast
Dream Plast is a subsidiary of the Italian Sunino Group of Companies. It is into plastic injection technology for food packaging industry. The company specialises in the production of promotional items for the confectionery market, food packaging, tops, sports articles, and childcare products.
The Sunino Group collaborates with a variety of innovative design studios and marketing companies on packaging development, new products for packaging, promotional articles and sports equipment. Some of their major clients include Nestle, Chicco, Ferrero, Mattel and Fisher Price.
Media Contact: Tina Pawar
Ph: ï 40436078
Email: media@indospace.in Alethea Fernandes
Ph: 9920063248
Email: alethea.fernandes@mslgroup.com
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