Welspun raises Rs 300 cr in first warehousing AIF
WAREHOUSING & LOGISTICS

Welspun raises Rs 300 cr in first warehousing AIF

Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management platform, has raised upwards of Rs 300 crore from a set of investors comprising of domestic high-net-worth investors and family offices, towards the first close of its Alternative Investment Fund (AIF), Welspun One Logistics Parks Fund 1.

Launched early this year, it is India’s first warehousing AIF for domestic investors—key distributors of which are Sanctum Wealth Management, Edelweiss and InCred Wealth.

The amount raised is a part of its Rs 500 crore maiden fund which when fully raised, along with associated bank financing will enable Welspun One to develop Grade-A warehousing assets worth Rs 1,900 crore, including its flagship 2.7 million sq ft project in Bhiwandi which is currently underway. In total, the company expects to deliver a portfolio with an estimated leasable area of 7 to 8 million sq ft over the next three to four years in pre-identified markets such as Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata and Lucknow.

Welspun One’s investment strategy is focused on sourcing and developing feasible land parcels which suit institutional investors and get leased by valued occupiers, whilst maintaining compliance, safety and zero tolerance to regulatory lapses across the project lifecycle.

WOLP is backed by a global conglomerate, $2.7 billion Welspun Group, with businesses in line pipes, home textiles, infrastructure, steel, advanced textiles and flooring solutions.

Written from a company news release.

Image: Welspun One Logistics Park Bhiwandi project

Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management platform, has raised upwards of Rs 300 crore from a set of investors comprising of domestic high-net-worth investors and family offices, towards the first close of its Alternative Investment Fund (AIF), Welspun One Logistics Parks Fund 1. Launched early this year, it is India’s first warehousing AIF for domestic investors—key distributors of which are Sanctum Wealth Management, Edelweiss and InCred Wealth. The amount raised is a part of its Rs 500 crore maiden fund which when fully raised, along with associated bank financing will enable Welspun One to develop Grade-A warehousing assets worth Rs 1,900 crore, including its flagship 2.7 million sq ft project in Bhiwandi which is currently underway. In total, the company expects to deliver a portfolio with an estimated leasable area of 7 to 8 million sq ft over the next three to four years in pre-identified markets such as Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata and Lucknow. Welspun One’s investment strategy is focused on sourcing and developing feasible land parcels which suit institutional investors and get leased by valued occupiers, whilst maintaining compliance, safety and zero tolerance to regulatory lapses across the project lifecycle. WOLP is backed by a global conglomerate, $2.7 billion Welspun Group, with businesses in line pipes, home textiles, infrastructure, steel, advanced textiles and flooring solutions. Written from a company news release. Image: Welspun One Logistics Park Bhiwandi project

Next Story
Infrastructure Urban

VECV to Manufacture Volvo Group’s Advanced AMTs in India

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, announced an investment of Rs 5.44 billion to produce and assemble Volvo Group’s 12-speed Automated Manual Transmission (AMT). The greenfield facility will be set up at Vikram Udyogpuri Integrated Industrial Township near Ujjain, Madhya Pradesh, and will cater to India and select Asia-Oceania markets.This investment marks a new milestone in the 18-year VECV-Volvo collaboration, which has already made VECV a global hub for Volvo Group’s 5 & 8 Litre (MDEP) engines since 2013, reinforcing the Make in Ind..

Next Story
Products

Action TESA Drives Shift from Plywood to Engineered Wood Solutions

Action TESA, a leading player in India’s panel industry, is spearheading the market transition from traditional plywood to engineered wood solutions such as Moist Master, HDHMR, and Boilo. These high-performance boards are redefining modular furniture, kitchen, and decorative applications with superior durability, design flexibility, and finish quality.Engineered wood offerings from Action TESA provide consistent quality, dimensional stability, and smooth surfaces, unlike plywood, which can have knots or gaps. The Moist Master, HDHMR, and Boilo BWP FR boards ensure excellent machinability, m..

Next Story
Infrastructure Urban

CREDAI-MCHI Donates Rs 30.65 Mn for Maharashtra Flood Relief

CREDAI-MCHI, the apex body of real estate developers in the Mumbai Metropolitan Region, has extended Rs 30.65 million to the Chief Minister’s Relief Fund to support rescue and rehabilitation efforts in flood-affected areas of central Maharashtra and neighbouring regions.The contribution was presented to Chief Minister Devendra Fadnavis by Sukhraj Nahar, President, and Rushi Mehta, Secretary, CREDAI-MCHI, in the presence of several leading developers from the Mumbai Metropolitan Region.A total of 44 member developers participated in this collective effort, underlining the real estate industry..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?