Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing
WAREHOUSING & LOGISTICS

Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing

Welspun One Logistics Parks (WOLP), an asset management company, intends to invest approximately Rs 2,000 crore in developing and leasing a portfolio of seven-eight million square feet of grade-A warehousing space across India.

The Welspun Group-backed platform will build these warehousing parks in pre-identified high-growth markets like -- Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata, and Lucknow.

In addition, the company plans to build warehouses in high-potential Tier-II and -III markets.

The fund is currently in advanced talks with landowners in Tier-I cities such as Bengaluru, Delhi, Kolkata, Mumbai and Pune to acquire land parcels ranging from 40 to 75 acres.

The fund is building and operating a 300-400 acre warehousing portfolio.

Tenants from e-commerce, FMCG, third-party logistics, pharmaceuticals, and auto-ancillaries will be leased for a long time in these parks.

Welspun One also has a transaction pipeline double the size of its Bhiwandi project, with demand coming from e-commerce, third-party logistics, manufacturing, and pharmaceutical industries.

The company recently launched Welspun One Logistics Parks Fund I, the first warehousing alternate investment fund (AIF) in India, and is nearing the end of the fundraising process.

Within two months of its launch, the fund had its first close, thanks to strong interest from corporations, family offices, and high-net-worth individuals.

Despite the fall of other commercial real estate segments in recent quarters, the warehousing market has stood out, driven by e-commerce and third-party logistics growth.

Image Source


Also read: E-commerce boom to boost warehousing in India

Also read: IndoSpace to invest $300 mn to acquire land in warehousing

Welspun One Logistics Parks (WOLP), an asset management company, intends to invest approximately Rs 2,000 crore in developing and leasing a portfolio of seven-eight million square feet of grade-A warehousing space across India. The Welspun Group-backed platform will build these warehousing parks in pre-identified high-growth markets like -- Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata, and Lucknow. In addition, the company plans to build warehouses in high-potential Tier-II and -III markets. The fund is currently in advanced talks with landowners in Tier-I cities such as Bengaluru, Delhi, Kolkata, Mumbai and Pune to acquire land parcels ranging from 40 to 75 acres. The fund is building and operating a 300-400 acre warehousing portfolio. Tenants from e-commerce, FMCG, third-party logistics, pharmaceuticals, and auto-ancillaries will be leased for a long time in these parks. Welspun One also has a transaction pipeline double the size of its Bhiwandi project, with demand coming from e-commerce, third-party logistics, manufacturing, and pharmaceutical industries. The company recently launched Welspun One Logistics Parks Fund I, the first warehousing alternate investment fund (AIF) in India, and is nearing the end of the fundraising process. Within two months of its launch, the fund had its first close, thanks to strong interest from corporations, family offices, and high-net-worth individuals. Despite the fall of other commercial real estate segments in recent quarters, the warehousing market has stood out, driven by e-commerce and third-party logistics growth. Image Source Also read: E-commerce boom to boost warehousing in India Also read: IndoSpace to invest $300 mn to acquire land in warehousing

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?