Welspun One to Raise Rs 40 Billion to Double Portfolio by 2028

20 Dec 2024 CW Team

Welspun One, an integrated fund and management development platform, has initiated a process to raise Rs 40 billion, attracting significant interest, particularly from global investors. This move is part of the company's strategy to expand its portfolio from 16 million sq ft to 32 million sq ft by 2028, with a robust pipeline of around 8 million sq ft already identified across various assets. The funds raised will diversify Welspun One's investor base and position the platform as a key point of entry for international investors looking to tap into India's growing logistics sector. The company also plans to deploy approximately Rs 15 billion into new-age, capital-intensive logistics assets. Yash Ravel, CEO of Fund Management at Welspun One, emphasised that aligning with global partners will not only secure capital but also set a new standard in efficiency, adaptability, and long-term value creation for stakeholders. Welspun One highlights the boom in India’s e-commerce and quick commerce sectors, creating vast opportunities in logistics and industrial real estate that demand high-performance, scalable infrastructure. The company’s proven ability to execute large-scale investments has positioned it as a trusted partner for global capital providers looking to invest in India’s rapid growth. The company has already committed 75% of its Rs 22.75 billion Fund 2 within six months of its final close earlier this year. Welspun One aims to achieve a peak AUM (Assets Under Management) of $1 billion across 16 Grade A assets by 2026, further solidifying its status as India’s fastest-growing logistics and industrial real estate manager-developer. (Business Standard)

Infrastructure Transport

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