Welspun One provided financialisation of real estate by launching India’s first AIF focussed on warehousing development
Welspun One Logistics Parks has committed 100 per cent of its Rs 500 crore corpus across six investments to create a portfolio of Rs 2,300 crore spanning five cities--MMR, NCR, Bengaluru, Chennai and Lucknow-- aggregating to about 6.6 million square feet of gross leasable area.
Last year, the firm raised India’s first alternative investment fund (AIF) focusing on warehousing development.
Of the 6.6 million sq ft, one million sq ft of area has been delivered and an additional two million sq ft is expected to be delivered in the second quarter of calendar year 2023, the company said.
First Published: Nov 28 2022 | 5:57 PM IST