Welspun One secures over Rs 5 bn in 2nd warehouse fund's initial close
16 May 2023
2 Min Read
CW Team
Welspun One Logistics Parks (WOLP), a platform focused on developing and managing warehousing and industrial real estate, has successfully raised over Rs 5 billion through the initial close of its second Alternative Investment Fund (AIF), WOLP Fund 2. The funds were raised from high net-worth and family office investors within 8 weeks of its launch in March. The aim is to raise a total corpus of Rs 20 billion, including a green shoe option of Rs 10 billion. This is the largest AIF to be raised for the warehousing and logistics sector in India.
Balkrishan Goenka, Chairman,Welspun Group, stated that the government's proactive policy stance, coupled with rising consumption, exponential e-commerce growth, and sustained manufacturing expansion, positions the sector well to achieve exponential growth over the next few years. The fund's ambitious national development plan aims to deliver much-needed infrastructure to the nation while delivering compelling returns for investors.
The total corpus of the fund, along with project level leverage, is expected to provide enough funds to invest in projects that entail an outlay of over Rs 6,000 crore. The speed of the raise underscores the strong investor confidence in both the platform and the prospects of the warehousing and industrial sector in the country.
Anshul Singhal, Managing Director of Welspun One Logistics Parks, said, "The robust response from investors in a short time-frame of 8 weeks is a record of sorts in the alternative investments space. This achievement not only exemplifies the trust and confidence that investors have bestowed upon us but also the increasing depth of capital available from domestic investors who are willing to back new age ideas and infrastructure."
Also read:
Railways approves ROB for Habibganj-AIIMS link
Goa to build 6-lane elevated corridor on EPC model
Welspun One Logistics Parks (WOLP), a platform focused on developing and managing warehousing and industrial real estate, has successfully raised over Rs 5 billion through the initial close of its second Alternative Investment Fund (AIF), WOLP Fund 2. The funds were raised from high net-worth and family office investors within 8 weeks of its launch in March. The aim is to raise a total corpus of Rs 20 billion, including a green shoe option of Rs 10 billion. This is the largest AIF to be raised for the warehousing and logistics sector in India.
Balkrishan Goenka, Chairman,Welspun Group, stated that the government's proactive policy stance, coupled with rising consumption, exponential e-commerce growth, and sustained manufacturing expansion, positions the sector well to achieve exponential growth over the next few years. The fund's ambitious national development plan aims to deliver much-needed infrastructure to the nation while delivering compelling returns for investors.
The total corpus of the fund, along with project level leverage, is expected to provide enough funds to invest in projects that entail an outlay of over Rs 6,000 crore. The speed of the raise underscores the strong investor confidence in both the platform and the prospects of the warehousing and industrial sector in the country.
Anshul Singhal, Managing Director of Welspun One Logistics Parks, said, The robust response from investors in a short time-frame of 8 weeks is a record of sorts in the alternative investments space. This achievement not only exemplifies the trust and confidence that investors have bestowed upon us but also the increasing depth of capital available from domestic investors who are willing to back new age ideas and infrastructure.
Also read:
Railways approves ROB for Habibganj-AIIMS link Goa to build 6-lane elevated corridor on EPC model
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
