Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing
WAREHOUSING & LOGISTICS

Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing

Welspun One Logistics Parks (WOLP), an asset management company, intends to invest approximately Rs 2,000 crore in developing and leasing a portfolio of seven-eight million square feet of grade-A warehousing space across India.

The Welspun Group-backed platform will build these warehousing parks in pre-identified high-growth markets like -- Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata, and Lucknow.

In addition, the company plans to build warehouses in high-potential Tier-II and -III markets.

The fund is currently in advanced talks with landowners in Tier-I cities such as Bengaluru, Delhi, Kolkata, Mumbai and Pune to acquire land parcels ranging from 40 to 75 acres.

The fund is building and operating a 300-400 acre warehousing portfolio.

Tenants from e-commerce, FMCG, third-party logistics, pharmaceuticals, and auto-ancillaries will be leased for a long time in these parks.

Welspun One also has a transaction pipeline double the size of its Bhiwandi project, with demand coming from e-commerce, third-party logistics, manufacturing, and pharmaceutical industries.

The company recently launched Welspun One Logistics Parks Fund I, the first warehousing alternate investment fund (AIF) in India, and is nearing the end of the fundraising process.

Within two months of its launch, the fund had its first close, thanks to strong interest from corporations, family offices, and high-net-worth individuals.

Despite the fall of other commercial real estate segments in recent quarters, the warehousing market has stood out, driven by e-commerce and third-party logistics growth.

Image Source


Also read: E-commerce boom to boost warehousing in India

Also read: IndoSpace to invest $300 mn to acquire land in warehousing

Welspun One Logistics Parks (WOLP), an asset management company, intends to invest approximately Rs 2,000 crore in developing and leasing a portfolio of seven-eight million square feet of grade-A warehousing space across India. The Welspun Group-backed platform will build these warehousing parks in pre-identified high-growth markets like -- Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata, and Lucknow. In addition, the company plans to build warehouses in high-potential Tier-II and -III markets. The fund is currently in advanced talks with landowners in Tier-I cities such as Bengaluru, Delhi, Kolkata, Mumbai and Pune to acquire land parcels ranging from 40 to 75 acres. The fund is building and operating a 300-400 acre warehousing portfolio. Tenants from e-commerce, FMCG, third-party logistics, pharmaceuticals, and auto-ancillaries will be leased for a long time in these parks. Welspun One also has a transaction pipeline double the size of its Bhiwandi project, with demand coming from e-commerce, third-party logistics, manufacturing, and pharmaceutical industries. The company recently launched Welspun One Logistics Parks Fund I, the first warehousing alternate investment fund (AIF) in India, and is nearing the end of the fundraising process. Within two months of its launch, the fund had its first close, thanks to strong interest from corporations, family offices, and high-net-worth individuals. Despite the fall of other commercial real estate segments in recent quarters, the warehousing market has stood out, driven by e-commerce and third-party logistics growth. Image Source Also read: E-commerce boom to boost warehousing in India Also read: IndoSpace to invest $300 mn to acquire land in warehousing

Next Story
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000