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Welspun One has successfully deployed INR 2,000 crore from its WOLP Fund 2 across nine Grade A warehousing assets, reflecting strong demand for modern logistics infrastructure in India. The company has expanded the fund through co-investments, targeting commitments of up to INR 1,000 crore, with INR 600 crore already in sight. This rapid deployment within eight months underscores the sector's expansion, driven by e-commerce, manufacturing, and third-party logistics (3PL). With this, the company's portfolio is set to grow to 22 million sq. ft., targeting a net operating income of INR 1,100 crore and assets under management (AUM) of USD 1.3 billion. Additionally, WTC Thane is witnessing strong leasing demand, further strengthening Welspun One's market position.
Welspun One has fully utilised INR 2,000 crore from its WOLP Fund 2 across nine Grade A warehousing assets, underscoring the rising demand for modern logistics infrastructure in India. To facilitate larger investments, the company has expanded the fund through co-investments, aiming for commitments of up to INR 1,000 crore, with INR 600 crore already in sight. Advertisement
The swift allocation of funds within eight months reflects the sector's rapid growth, driven by increasing demand from e-commerce, manufacturing, and third-party logistics (3PL). The additional capital infusion will enable WOLP Fund 2 to tap into a five million sq. ft. development pipeline, potentially increasing its total investments to 14-15 assets.
With this expansion, Welspun One's total portfolio is set to reach 22 million sq. ft., targeting a net operating income of INR 1,100 crore and assets under management (AUM) worth USD 1.3 billion (INR 11,050 crore). Additionally, nearly 30 percent of the company's JNPA warehousing inventory has already been pre-leased at INR 55-60 per sq. ft., benefiting from its strategic location.
Welspun One stated that Fund 2, launched in March 2023 with a corpus target of INR 2,000 crore, including a green shoe option of INR 1,000 crore, has secured a portfolio of exclusive, off-market opportunities in the new-age warehousing sector. This segment is experiencing heightened interest from occupiers and investors due to evolving supply chain needs and increasing e-commerce penetration.
According to the platform, these assets offer superior long-term returns compared to traditional warehousing, driven by the growing demand for tech-enabled, efficient logistics spaces. The logistics and industrial (L&I) sector in India is expected to expand at a Compound Annual Growth Rate (CAGR) of approximately 15 percent year-on-year over the next two years, surpassing 590 million sq. ft. by 2027.
Meanwhile, WTC Thane is witnessing robust demand, with leasing transactions nearing closure at INR 130-135 per sq. ft. for urban logistics and INR 150-160 per sq. ft. for commercial use. Leasing momentum remains strong, with total leasing for FY25 projected to reach 2.5 million sq. ft. while maintaining zero vacancy. WTC Thane is developed by Welspun One in partnership with the World Trade Centers Association (WTCA).
These developments underline the sustained momentum in India's logistics and industrial sector, ensuring continued growth for Welspun One.
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