Welspun One Logistics Parks, a platform that combines fund and development management with a focus on warehousing and industrial realty, launched its second fund, which is worth Rs 2,000 crore and includes a green shoe option of Rs 1,000 crore.

According to the company’s statement, Welspun had launched its first fund earlier in 2021 and had received capital commitments worth Rs 500 crore from high net-worth investors and family offices. This capital was invested in various companies, which together covered an area of 6.5 million square feet. The company has set a goal to deliver 50% of the portfolio by mid-2023. The statement further added that the second fund has the largest development plan of 8-12 million square feet across tier 1 & 2 cities and will also include in-city projects in Mumbai, Delhi, and Bengaluru.

Balkrishan Goenka, the chairman of the Welspun group, stated that owing to favourable policy changes, the warehousing industry has become a fully integrated priority sector that has drawn significant interest from national investors. He also claimed that Welspun One is the only warehousing platform to permit domestic capital to be invested only in the domestic warehousing sector. Given this Welspun One will continue to develop grade-A warehouses across the country.

Anshul Singhal, managing director of Welspun One Logistics Parks, said the logistics space has already attracted USD 5-6 billion of foreign institutional capital so far.

In the beginning of 2021, Welspun launched its first fund and received capital commitments amounting to Rs 500 crore from high net-worth investors and family offices. This capital was invested in various companies, which combined, covered an area of 6.5 million square feet. The company has announced that it plans to deliver 50% of the portfolio by mid-2023.