Welspun One invests over Rs 2,000-cr WOLP Fund 2, upsizes corpus by Rs 1,000 cr
industrial real estate manager Welspun One has invested over Rs 2,000 crore across nine Grade A warehousing assets through its WOLP Fund 2, marking the complete deployment of the fund.
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Given the increasing scale and capital intensity of these investments, Welspun One has upsized the fund through co-investments, targeting commitments of up to Rs 1,000 crore, with robust visibility of Rs 600 crore.
The fund's deployment within eight months of its final close underscores the growing demand for modern warehousing facilities, driven by the expansion of e-commerce, manufacturing, and third-party logistics (3PL) players in India.
This additional capital will provide WOLP Fund 2 with dry powder to tap into a ready pipeline of 5 million sq ft, which is currently at advanced stages of closure. Following this, the fund’s portfolio is now expected to grow from its existing nine investments to potentially 14-15 investments.
“The co-investment program is a natural extension of this strategy, allowing us to capitalize on large-scale opportunities while maintaining prudent diversification. As we scale, our focus remains on delivering industrial real estate solutions that not only generate superior returns for our investors but also contribute meaningfully to India’s evolving logistics infrastructure,” said Anshul Singhal, Managing Director, Welspun One.
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