New Co-Investment Programme to Raise Rs 10 billion Following this milestone, Welspun One has announced a co-investment programme, targeting commitments of up to Rs 10 billion, with visibility on Rs 6 billion. This additional capital will provide Fund 2 with dry powder to capitalise on a pipeline of 5 million sq ft of assets currently in advanced stages of completion. The fund’s portfolio is expected to expand to 14-15 investments, up from the current nine.

Expanding Portfolio & Future Growth With this expansion, Welspun One’s aggregate portfolio is set to reach 22 million sq ft, generating a projected net operating income of Rs 11 billion ($130 million) upon completion. This will take its assets under management (AUM) to Rs 110 billion.

The fund has secured a highly differentiated portfolio of off-market opportunities, particularly in new-age warehousing assets, which are witnessing increasing demand from both occupiers and institutional investors.

Strong Returns & Sector Growth Fund 2 is tracking a mark-to-market gross return of 24% equity-IRR (internal rate of return). This success aligns with India’s logistics and industrial real estate sector, which is projected to grow at a 15% CAGR, surpassing 590 million sq ft by 2027.