Welspun One Logistics Parks Raises ₹500 Crore in Its Second Investment Fund

Within eight weeks, Welspun One Logistics Parks finalised the initial closure of its second alternative investment fund, WOLP Fund 2, raising ₹500 crore from domestic high-net-worth and family office investors. The funds will be used to purchase warehouses and industrial equipment.

WOLP Fund 2 was launched in March 2023 with a total of ₹2,000 crore, including a ₹1,000 crore green shoe option. Along with project-level debt, this is intended to provide the fund with enough dry powder to engage in projects totalling more than ₹6,000 crore.

This fund is the successor to WOLP Fund 1, which was launched in early 2021 and has since been completely committed to a portfolio of six projects totalling 6.5 million square feet of grade-A warehouse and industrial space. More than half of the fund’s portfolio is on the verge of being leased and physically delivered. Fund 2 will add 10–12 million square feet of additional projects to this footprint, bringing Welspun One’s entire portfolio to 16–18 million square feet over the next 4-5 years.

“Welspun One is committed to providing best-in-class warehousing and industrial real estate to India in order to realise the government’s vision under the National Logistics Policy of reducing logistics costs as a percentage of GDP for India to globally competitive levels,” said Balkrishan Goenka, Chairman, Welspun Group. “The government’s proactive policy stance, combined with rising consumption, exponential e-commerce growth, and sustained manufacturing expansion, positions the sector to achieve exponential growth over the next several years,” he adds.

Cargo Insights is now on WhatsApp Channel! Join Now!

Leave a Reply

Your email address will not be published. Required fields are marked *

Celebrating Success Honouring Cargo & Logistics Industry Leaders at CargoNXT Recognitions Part 1

Celebrating Success: Honouring Cargo & Logistics Industry Leaders at CargoNXT Recognitions

🏆 Embarking on a Journey of Excellence in Cargo & Logistics! 


🚚✨ Witness the outstanding achievements of leaders celebrated at CargoNXT Recognitions: Late Jai Karan Sharma, Vipin Vohra, Dr. Vandana Singh, Keku Bomi Gazder, Dr. Pushpendra Pratap Singh, S. Ramakrishna, Shailender Anand, and Yashpal Sharma. 

You have Successfully Subscribed!