Shapoorji Pallonji Real Estate Announces BKC 9, a Project Financed by WSB Fund II bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
India-focused asset manager WSB Real Estate Partners is entering the warehousing sector, planning to invest over INR 1,200 cr in building a 4 million sq ft portfolio across the country over the next two years. The firm is in talks with developers in key metro cities and non-metro cities for warehousing projects.
India-focused asset manager WSB Real Estate Partners is entering the warehousing sector, planning to invest over RS 1,200 crore in building a 4 million sq ft portfolio across the country over the next two years. The firm is in talks with developers in key metro cities and non-metro cities for warehousing projects.
The companys maiden warehousing park will come up on a 16-acre land parcel with development potential of over 360,000 sq ft on NH71 in Delhi-NCR. The company is making a total investment of over Rs 110 crores to develop this facility along with its project partner Panattoni, a globally reputable warehouse developer. The park is situated in the Industrial cluster west of Gurugram, the Farukh Nagar- Jhajjar-Luhari belt, which houses major retailers, 3PL, e-commerce, and industrial occupiers and the development is slated to be completed by March 2025.
The firm, formerly known as Walton Street BlackSoil, will target the southern Indian growth markets, particularly Bengaluru, Hyderabad and Chennai, for the proposed fund, and deploy two-thirds of its capital in them, said Vimal Jangla, managing partner of WSB Real Estate Partners.