• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

India's WOLP's 2nd warehousing-focussed fund raises ₹1,000 cr

19 Jul '23
2 min read
Pic: Welspun One Logistics Park
Pic: Welspun One Logistics Park

Insights

  • Welspun One Logistics Parks has announced raising ₹1,000 crore within four months of launching its second warehousing-focussed fund and opening its 'green shoe' option to raise an additional ₹1,000 crore.
  • The potential corpus could reach ₹2,000 crore when the green shoe option is over.
  • The fund may add 10-12 million sq. ft. of new projects to its portfolio.
Welspun One Logistics Parks (WOLP) recently announced raising ₹1,000 crore within four months of launching its second warehousing-focussed fund and opening its ‘green shoe’ option to raise an additional ₹1,000 crore.

In a statement, the company said the potential corpus could reach ₹2,000 crore upon completion of the green shoe option, which would rank it among the largest in the domestic real estate alternatives space.

The plan involves an overall investment outlay of over ₹8,000 crore, which will propel Welspun One to an assets under management (AUM) of $1 billion, it said.

The second fund is well positioned to add 10-12 million square feet of new projects to its existing portfolio, WOLP said.

The approach could potentially create an aggregate portfolio of 16-18 million square feet over the next four to five years across first and last-mile facilities in tier-1 and -2 cities, it said.

This fund successfully committed the entire corpus across six investments aggregating to around 6.5 million in a short span of around 1.5 years from its first close, the company said.

The warehousing sector continues to exhibit strong growth with a record-high demand of 51.3 million square feet in FY23, implying a compounded annual growth rate of 24 per cent between fiscals 2016-17 and 2022-23, the company added.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search