Macrotech Developers Ltd, a prominent realty firm known for its Lodha brand, recently made a significant move in the industrial and warehousing sector by acquiring Opexefi Services and One Box Warehouse for a total of nearly Rs 100 crore. This strategic acquisition is part of the company’s plan to expand its development business in industrial and warehousing parks.
According to a regulatory filing, Macrotech Developers Ltd has successfully executed Share Purchase Agreements (SPAs) to acquire a 100% stake in Opexefi Services Pvt Ltd (Opexefi) and One Box Warehouse Pvt Ltd (One Box). Both Opexefi and One Box will now operate as wholly owned subsidiaries of Macrotech Developers Ltd.
In a statement regarding the acquisition, the company stated, “This is in pursuance of our planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics.” This move reflects Macrotech Developers’ commitment to expanding its presence in the digital infrastructure space, particularly in the development of industrial and logistics parks.
Opexefi, acquired for Rs 46.67 crore, specializes in the development of logistics parks and warehouses. Despite being incorporated in December 2018, Opexefi has not conducted any business operations in the last 3 years, resulting in a total turnover of zero.
Similarly, One Box, acquired for Rs 49.09 crore, is also involved in the development of logistics parks and warehouses. Incorporated in October 2023, One Box has yet to engage in any business operations, leading to a total turnover of zero for previous years.
This acquisition aligns with Macrotech Developers’ broader vision for growth in the digital infrastructure space. In May 2022, the company announced a partnership with Bain Capital and Ivanhoé Cambridge to establish a platform that will invest approximately USD 1 billion in developing digital infrastructure, including warehousing and industrial parks across India.
The platform aims to establish a pan-India presence in the digital infrastructure sector, encompassing logistics and light industrial parks, as well as in-city fulfillment centers. This strategic collaboration underscores Macrotech Developers’ commitment to innovation and expansion in the rapidly evolving industrial and warehousing landscape.
As one of the leading real estate developers in the country, Macrotech Developers has a proven track record of success. In the last fiscal year, the company achieved property sales exceeding Rs 14,000 crore and is targeting sales bookings of Rs 17,500 crore in the 2024-25 financial year. This ambitious growth trajectory further solidifies Macrotech Developers’ position as an industry leader in the real estate and digital infrastructure sectors.
Overall, the acquisition of Opexefi Services and One Box Warehouse marks a significant milestone for Macrotech Developers as it continues to expand its footprint in the industrial and warehousing segment. With a clear focus on digital infrastructure and strategic partnerships, the company is well-positioned to capitalize on emerging opportunities and drive sustainable growth in the dynamic real estate market.