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

Chennai Becomes First in Tamil Nadu to Introduce 120 Green Buses

Chief Minister MK Stalin launched 120 low-floor, non-air-conditioned electric buses from the Vyasarpadi depot of the Metropolitan Transport Corporation (MTC) on Monday, marking the first deployment of electric buses by a state-run transport body in Tamil Nadu.Each bus, once fully charged in around two hours, can cover a distance of up to 200 km. These buses are equipped with 13 emergency panic buttons, four surveillance cameras, a mobile charging point for every two seats, and a public announcement system. The electric buses feature a mix of low-floor seats at the front and high-floor seats at..

Next Story
Infrastructure Transport

Kolkata Dock Deploys Its First Electric Mobile Cranes

In a significant step towards environmentally friendly port operations, Syama Prasad Mookerjee Port (SMP), Kolkata, has commissioned its first two electric-powered Mobile Harbour Cranes (MHCs) at the Netaji Subhas Dock. The deployment, carried out by Adani Ports and Special Economic Zone (APSEZ), marks the port’s shift from conventional fossil fuel-based cargo handling to cleaner, energy-efficient technology.With the induction of these electric cranes, the total number of MHCs at the Kolkata Dock System has increased to six. The move is aimed at strengthening SMP Kolkata’s position as a su..

Next Story
Infrastructure Energy

Govt to Launch Online Portal for Coal Exploration Clearance

The Central Government will launch a new online module on July 4, enabling coal block operators to submit exploration proposals digitally via the Single Window Clearance System. This module is aimed at streamlining the entire coal exploration process, covering proposal submission, geological report approval, and final clearance, through a single digital interface.The initiative is intended to enhance transparency and ensure adherence to defined timelines across all stages of the approval process. Developed in collaboration with the Central Mine Planning and Design Institute (CMPDIL), the modul..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?