Maersk leases 111,444 sq ft

Maersk Logistics has leased 111,444 square feet in Bhiwandi, on the outskirts of Mumbai, in a transaction that adds to the company’s warehousing footprint in one of India’s busiest logistics clusters. The deal, described in market transaction details circulated on September 8, carries a five-year term and is intended for regional third-party logistics and fulfillment operations. The agreement points to continued demand from large occupiers for institutional warehouse space around Mumbai, where Bhiwandi remains a preferred node for port-linked and consumption-driven distribution. Maersk already operates in Bhiwandi and has previously used the area to expand its India warehousing network. ### Why does another Maersk lease in Bhiwandi matter? Maersk said in September 2022 that it had opened a 250,000-square-foot warehouse in Bhiwandi, its second operating warehouse in the area at the time, as part of a broader India logistics buildout. That facility took Maersk’s India warehouse footprint to more than 2.1 million square feet, including assets added through the LF Logistics acquisition, the company said. (maersk.com) Bhiwandi sits on the Mumbai logistics map because of its links to the Mumbai-Nashik corridor, manufacturing centers and Jawaharlal Nehru Port, according to Maersk and CRE Matrix. Those transport links have made the area a recurring choice for large occupiers looking to serve Mumbai and western India through contract logistics, warehousing and distribution networks. (maersk.com) ### What are the key commercial terms in this lease? The transaction details circulated for the Maersk Logistics lease show a five-year term on 111,444 square feet at a starting monthly rent of ₹23.10 per square foot. The agreement also includes 5% annual rent escalations, a 21-month lock-in period and a security deposit equal to three months’ rent, according to those deal terms. (maersk.com) The rent level sits below another recent large Bhiwandi transaction. Amazon Seller Services leased more than 417,000 square feet in Bhiwandi at ₹30.34 per square foot a month under a nine-year agreement registered on June 29, 2026, according to CRE Matrix. That deal also carried 5% annual escalations and a ₹3.80 crore security deposit. (economictimes.indiatimes.com) ### How active is Bhiwandi’s warehouse market right now? Amazon’s June 2026 lease and Maersk’s latest transaction show that large occupiers are still signing for regional warehousing space in Bhiwandi. CRE Matrix said Amazon’s deal covered villages in Dohale and Bokhari and was tied to the company’s logistics network around Mumbai. (crematrix.com) Developers are also adding supply in the corridor. Ecobox Industrial Parks said in March 2026 it would develop a 1.3 million-square-foot industrial and logistics park in Bhiwandi, while IndoSpace said in September 2025 it had launched a 66-acre park there with development potential of more than 1.7 million square feet. Both companies cited Bhiwandi’s role in serving Mumbai and western India. (crematrix.com) ### What does this say about Maersk’s India logistics strategy? Damco India, part of A.P. Moller-Maersk, leased 243,000 square feet in Bhiwandi under a five-year agreement disclosed by CRE Matrix in December 2024. That earlier lease carried a starting monthly rent of ₹47.62 lakh, a 4% annual escalation clause and a three-year lock-in, according to CRE Matrix. (realty.economictimes.indiatimes.com) Maersk has said its India warehousing push is tied to an integrated logistics model that combines ocean freight, inland transport, contract logistics and distribution. The company’s 2022 Bhiwandi opening was presented as part of that effort, with Maersk saying warehousing and distribution capacity gives it greater control over cargo movement across multiple stages of the supply chain. (crematrix.com) ### What should readers watch next? Ecobox said the first phase of its Bhiwandi industrial park is due for delivery in 2026, with a second phase planned for 2027. Maersk’s latest lease, together with Amazon’s June registration and earlier Damco activity, gives the next set of checkpoints in Bhiwandi’s market: additional occupier disclosures, lease registrations and new park deliveries from named developers already active in the corridor. (realty.economictimes.indiatimes.com) (maersk.com)