ESR leases 1.08 lakh sq ft Chennai industrial space to European major CUBIC Warburg Pincus-backed industrial and logistics development platform ESR India has leased 108,000 sq ft prime industrial real estate at its Chennai industrial park to CUBIC, a leading international player in the electromechanical industry.This will be the European company’s first manufacturing facility in India that will provide products and solutions for a wide range of sectors such as marine, infrastructure, power, manufacturing, renewable energy, offshore, mining, and data centres across the country.The space has been leased for a tenure of five years with the agreement providing for an option to increase it later.“This development firmly demonstrates the continued demand for ESR’s strategically located, state-of-the-art industrial logistics facilities, and the confidence we have earned among international clients. Chennai has always been one of the key markets in our portfolio with a robust industrial ecosystem. We look forward to bringing more high-quality occupiers to this facility soon,” said Abhijit Malkani and Jai Mirpuri, Country Heads, ESR India.According to them, the company’s global experience along with local execution capabilities has enabled it to anticipate the needs of CUBIC and structure solutions that supported their business plan.“CUBIC is excited to set up our production facility at ESR Oragadam Industrial Logistics Park in Chennai.