With an advanced pipeline of land parcels in key warehousing micro markets such as Mumbai Metropolitan Region (MMR), Chennai, Bengaluru, and Lucknow already in place, the fund is positioned to add 10-12 million sq ft of new projects to its existing portfolio of the company. This is the largest alternative investment fund (AIF) being raised for the warehousing and logistics sector in India and has raised the money from domestic high net-worth and family office investors.
Welspun One Logistics Parks, part of Mumbai-based conglomerate Welspun Group, said Tuesday it is targeting $1 billion in assets under management after raising the base corpus for ..
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The fund will add 10-12 million square feet of new projects, taking Welspun One’s total portfolio to 16-18 million square feet over the next 4-5 years.