Welspun One Logistics Parks, the pan-India integrated fund, development and asset management platform of the Welspun Group, has launched its first alternative investment fund (AIF), Welspun One Logistics Parks Fund I.
This fund, Class II AIF registered with the Securities and Exchange Board of India (SEBI), is India's First Domestic Investors Warehousing Fund offering investment opportunities to local institutions, high-net-worth individuals, family offices and NRIs, an opportunity to invest in the warehousing and industrial real estate sector.
The logistics industry in India remains the backbone of economic growth and warehousing is an important part of this ecosystem. Currently, domestic investors can only invest in this fast-growing sector by investing directly in warehouses. Thanks to this AIF, the investor can benefit from returns by holding shares in a fund.
Welspun One‘s integrated fund, development and asset management platform business model provides control over the entire investment lifecycle, including land acquisition, leasing, development and divestment. Welspun One's investment strategy focuses on building bespoke warehouses to identify tenant needs and eliminate investment risk.
The team has spent the last 12 months creating a strong deal pipeline, with visibility on the deployment of a significant portion of the fund corpus. This includes an under-construction flagship 110-acre park with a leasable area of approximately 3 million sq. ft. in Bhiwandi, Maharashtra, which is already significantly pre-leased. In total, we expect to be able to deliver a portfolio of 6-7 million sq. ft. of Grade-A warehouse in Bhiwandi over the next 3-4 years.
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