Welspun One, the logistics and industrial property arm of Welspun group, plans to raise Rs 4,000 crore to fund its expansion.
The platform plans to double its portfolio size from 16 million square feet to around 32 million sq ft by 2028. It has already identified a pipeline of approximately 8 million sq ft across multiple assets.
“The fundraising process has drawn substantial interest, especially from global investors, who are also exploring financial and strategic partnerships at the general partner (GP) level,” the company said on Wednesday.
These alliances will broaden Welspun One’s investor base and position the platform as a node for international investors seeking exposure to India’s logistics landscape, it said.
Welspun One has committed ~75% of its Rs 2,275-crore Fund 2 within six months of its final close earlier this year. Welspun One has also returned 40% of the capital from Fund 1 through two exits — an achievement delivered two years ahead of the timeline promised to its investors, it said.
The platform’s focused deployment strategy will enable it to achieve a peak assets under management of $1 billion (Rs 8,500 crore) across around 16 Grade A assets by 2026, it said.
“India’s growth, driven by rapid urbanisation, digitalisation, and evolving global trade corridors, is catalysing demand for modern, scalable infrastructure, unlike anything we have seen before.
Global capital providers seek trusted partners with proven execution capabilities and a track record of deploying billions at scale. Welspun One is positioned to providing a platform for international investors to be a part of India’s growth story, ”Anshul Singhal, managing director, Welspun One, said.
It recently announced an investment of Rs 800 crore to launch WTC Thane, a 1 million sq ft Grade-A mixed-use urban distribution centre in Thane near Mumbai in partnership with the World Trade Centers Association.
In November, it said it is investing Rs 2,700 crore in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. Originally envisaged as a 1.2 million sq ft park which entailed an investment of Rs 700 crore, the company has now upscaled the size of the project to ~4.45 million sq ft of BUA to cater to the growing export-import demand arising at the JNPA Port.
