Welspun One's maiden ₹500 crore fund winds down. Four assets leased to Amazon, Flipkart, DHL in Bengaluru, Lucknow, NCR, Chennai being sold. CBRE (Score 42) advises. Equity value ₹600-800 crore.
Welspun One is winding down its maiden ₹500 crore logistics parks fund, appointing CBRE as an advisor to sell the remaining four assets in the portfolio, two people familiar with the matter said.
The warehousing and industrial real estate platform invested in six logistics parks through the fund, which was launched in 2020-21. It has already exited its investments in the Farrukhnagar and Bhiwandi projects, the people said.
The deal is still in the early stages. The company is seeking an equity value of about ₹600-800 crore for the remaining four assets, they added.
Saurabh Gupta, chief executive officer, Fund Management, Welspun One, said the exit is part of the fund's planned lifecycle.
He added that the assets have drawn interest from domestic and international investors, including logistics park operators and institutional funds. The enterprise value of the portfolio is expected to exceed ₹1,600-1,700 crore, unlocking significant value for investors, he noted. Enterprise value includes both equity and debt.
The four remaining assets span about 4.5 million sq. ft. across Bengaluru, Lucknow, the National Capital Region and Chennai. The parks are leased to industrial and e-commerce companies including Amazon, Flipkart, DHL, and Delhivery, among others.
CBRECBRE is advising on the sale. The real estate services firm, which carries an Alpha Score of 42 out of 100 (Mixed, Real Estate sector), did not respond to Mint's queries.
While the exit process is underway, Welspun One will continue to focus on scaling its second fund. Gupta said the company remains focused on expanding its scope in line with growing demand for high-quality logistics infrastructure.
From the second fund, Welspun One has invested close to ₹2,000 crore across nine Grade A assets and launched a co-investment program of ₹1,000 crore to take its investment pipeline to potentially about 14-15 projects, the company said last year.
The maiden fund targeted projects addressing the demand-supply gap in first-mile warehousing, focusing on large consumption centres across Tier-I and Tier-II cities. It focused on pre-leased, Grade A greenfield developments, driven by growth in manufacturing and consumer demand, including e-commerce, with supportive regulatory frameworks.
Established in 2019, Welspun One is an integrated fund and development management platform backed by the Welspun World group. It develops institutional-grade warehousing and industrial assets across key logistics hubs. Its portfolio includes projects such as the JNPA port-based logistics park and the World Trade Center, Thane.
The company's second fund has invested close to ₹2,000 crore across nine assets, with a co-investment program adding another ₹1,000 crore to its pipeline, potentially reaching 14-15 projects.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.