Welspun One Logistics Parks raises Rs 1,000 crore for its second fund

Welspun One Logistics Parks, an integrated fund and development management platform that invests in warehousing and logistics real estate, said it raised Rs 1,000 crore within four months of launching its second fund.

A green-shoe option to raise an additional Rs 1,000 crore has been opened, the company said July 18. The fund could raise as much as Rs 2,000 crore upon completion of the green-shoe option, making it among the largest in the domestic real estate alternative space, the company said in a statement.

"Warehousing continues to be a high conviction area for us, and we believe the industry will grow multi-fold given the government's sustained policy focus on critical transport infrastructure, manufacturing, and consumption,” said Balkrishan Goenka, chairman of the Welspun Group. “It is heartening to see the domestic alternatives industry growing meaningfully, channelling domestic capital toward productive investments that spur economic growth and nation-building.”

With a pipeline of land in key warehousing micro-markets such as Mumbai Metropolitan Region, Chennai, Bengaluru and Lucknow in place, Welspun One Logistics Parks Fund 2 is well positioned to add 10-12 million square feet of new projects to its portfolio.