Welspun launches logistics parks fund
WAREHOUSING & LOGISTICS

Welspun launches logistics parks fund

Welspun One Logistics Parks, a pan-India integrated fund, development and asset management platform backed by the Welspun Group, announced the launch of its first Alternate Investment Fund (AIF) product “Welspun One Logistics Parks Fund I”.

The fund, a SEBI-registered Category II AIF, is India’s first warehousing fund that provides domestic institutions, HNIs, family offices and NRIs, an opportunity to invest in the booming warehousing and industrial real estate sector in India.

The Fund will be managed by an in-house team of over 30 professionals with deep local and institutional expertise in investment, development and asset management

The fund has a target size of Rs 500 crore with a tenure of four years and a hurdle rate of 15%. It has a significant commitment from the Welspun promoter family office of Rs 75 crore.

The investment thesis of the fund is to acquire land parcels in high demand, pre-identified markets, and develop warehousing parks which will be leased on a long-term basis to ‘AAA’ credit tenants from sectors such as e-commerce, FMCG, third-party logistics (3PLs), pharma and auto-ancillaries. On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, and REITs, so as to provide an exit and deliver the targeted returns to the fund investors.

Sanctum Wealth Management and Edelweiss Wealth Management are on board as the key  distributors of the AIF.  

Anshul Singhal, Managing Director, Welspun One Logistics Parks, said, “The team has spent the last 12 months creating a strong deal pipeline, with visibility on the deployment of a significant portion of the fund corpus. This includes our under-construction flagship 110 acre park with a leasable area of approximately 3 million sq ft in Bhiwandi, Maharashtra, which is already significantly pre-leased. In total, we expect to be able to deliver a portfolio of 6-7 million sq. ft. of Grade-A warehousing space over the next 3-4 years.”

Source: Welspun

Welspun One Logistics Parks, a pan-India integrated fund, development and asset management platform backed by the Welspun Group, announced the launch of its first Alternate Investment Fund (AIF) product “Welspun One Logistics Parks Fund I”. The fund, a SEBI-registered Category II AIF, is India’s first warehousing fund that provides domestic institutions, HNIs, family offices and NRIs, an opportunity to invest in the booming warehousing and industrial real estate sector in India. The Fund will be managed by an in-house team of over 30 professionals with deep local and institutional expertise in investment, development and asset management The fund has a target size of Rs 500 crore with a tenure of four years and a hurdle rate of 15%. It has a significant commitment from the Welspun promoter family office of Rs 75 crore. The investment thesis of the fund is to acquire land parcels in high demand, pre-identified markets, and develop warehousing parks which will be leased on a long-term basis to ‘AAA’ credit tenants from sectors such as e-commerce, FMCG, third-party logistics (3PLs), pharma and auto-ancillaries. On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, and REITs, so as to provide an exit and deliver the targeted returns to the fund investors. Sanctum Wealth Management and Edelweiss Wealth Management are on board as the key  distributors of the AIF.   Anshul Singhal, Managing Director, Welspun One Logistics Parks, said, “The team has spent the last 12 months creating a strong deal pipeline, with visibility on the deployment of a significant portion of the fund corpus. This includes our under-construction flagship 110 acre park with a leasable area of approximately 3 million sq ft in Bhiwandi, Maharashtra, which is already significantly pre-leased. In total, we expect to be able to deliver a portfolio of 6-7 million sq. ft. of Grade-A warehousing space over the next 3-4 years.” Source: Welspun

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