Welspun One Logistics Parks Fund 1 dedicates Rs 5 billion to AIF

30 Nov 2022 CW Team

In order to build a portfolio worth Rs 23 billion across five cities (MMR, NCR, Bengaluru, Chennai, and Lucknow), aggregating to around 6.6 million sq ft of gross leasable area, Welspun One Logistics Parks has committed 100% of its Rs 5 billion capital to six ventures.

The company launched India's first Alternative Investment Fund (AIF) that was specifically focused on warehousing expansion last year.

One million sq ft of the 6.6 million sq ft have already been delivered, and another two million sq ft are anticipated to be delivered in the second quarter of 2023.

In just over two years after its initial close, 50% of the firm's fund portfolio will be delivered, operating, and generating rent, according to the company.

Notably, there is significant room for leasing the remaining 60% of the portfolio, which is currently pre-leased to a distinguished group of tenants like Delhivery, Flipkart, FM Logistics, Tata Croma, and Ecom Express.

Also read:
Blackstone acquires 2.5 mn sq ft of warehousing near Delhi
Kanpur to get mega logistics park for cargo handling

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..