Welspun Group Promoters acquires majority stake in One Industrial Spaces
WAREHOUSING & LOGISTICS

Welspun Group Promoters acquires majority stake in One Industrial Spaces

The promoters of the $ 2.7 billion Welspun Group recently announced their acquisition of a majority stake in One Industrial Spaces, an integrated fund, development and asset management organisation focused on the warehousing sector in India. The investment was made by the promoters in their personal capacity through a closely held family office investment vehicle.

As a result of the acquisition, One Industrial Spaces will be rebranded ‘Welspun One Logistics Parks’. Welspun One will also be the exclusive development manager for a portfolio of ready land assets owned by the promoters in their personal capacity with an estimated value of $ 50 million and development potential of over 5 million sq ft of Grade-A industrial or warehousing space. This includes a marquee 3 million sq ft project in MMR.

Commenting on the acquisition, BK Goenka, Chairman, Welspun Group, said, “The warehousing sector presents an attractive investment proposition as it provides both development returns as well as stable long-term rental yields. Indian consumers demand same-day delivery both online and offline, which has resulted in an increased strategic backend storage requirement. We have been looking to enter this space as warehousing demand is poised to grow aggressively. I am confident that under the leadership of Anshul Singhal, Welspun One is well placed to scale this business.”

For his part, Anshul Singhal, Managing Director, Welspun One, said “We are excited to have the backing of the Welspun Group promoters to grow the vision of the company. Currently, a big challenge for existing players in this space is land acquisition and approvals. As Welspun One, we are uniquely positioned to address these challenges. We can now leverage their deep understanding and experience in buying large land parcels and successfully executing millions of square feet of industrial and infrastructure projects pan India. We believe this will meaningfully improve the overall value proposition for our stakeholders. Our goal is to emerge as India’s most preferred warehousing company.”

The promoters of the $ 2.7 billion Welspun Group recently announced their acquisition of a majority stake in One Industrial Spaces, an integrated fund, development and asset management organisation focused on the warehousing sector in India. The investment was made by the promoters in their personal capacity through a closely held family office investment vehicle. As a result of the acquisition, One Industrial Spaces will be rebranded ‘Welspun One Logistics Parks’. Welspun One will also be the exclusive development manager for a portfolio of ready land assets owned by the promoters in their personal capacity with an estimated value of $ 50 million and development potential of over 5 million sq ft of Grade-A industrial or warehousing space. This includes a marquee 3 million sq ft project in MMR. Commenting on the acquisition, BK Goenka, Chairman, Welspun Group, said, “The warehousing sector presents an attractive investment proposition as it provides both development returns as well as stable long-term rental yields. Indian consumers demand same-day delivery both online and offline, which has resulted in an increased strategic backend storage requirement. We have been looking to enter this space as warehousing demand is poised to grow aggressively. I am confident that under the leadership of Anshul Singhal, Welspun One is well placed to scale this business.” For his part, Anshul Singhal, Managing Director, Welspun One, said “We are excited to have the backing of the Welspun Group promoters to grow the vision of the company. Currently, a big challenge for existing players in this space is land acquisition and approvals. As Welspun One, we are uniquely positioned to address these challenges. We can now leverage their deep understanding and experience in buying large land parcels and successfully executing millions of square feet of industrial and infrastructure projects pan India. We believe this will meaningfully improve the overall value proposition for our stakeholders. Our goal is to emerge as India’s most preferred warehousing company.”

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?