Welspun One Begins Exit from Maiden INR 500 Cr Logistics Fund

Welspun One has initiated the exit process for its Maiden INR 500-crore logistics parks fund, appointing global real estate consultancy CBRE as the transaction advisor to market and sell the fund’s remaining four logistics assets. 

The move marks the planned wind down of the company’s first alternative investment fund (AIF), launched in 2020-21, as it reached the end of its investment lifecycle. The company expects the sale to unlock an enterprise value of more than INR 1,600 to INR 1,700 crore for the portfolio.

Nearly 4.5 million square feet of Bengaluru, Chennai, Lucknow, and the National Capital Region (NCR) make up the remaining assets. Major occupiers including Amazon, Flipkart, DHL, Delhivery, and Aratrex lease these Grade A logistics parks, generating steady rental income and attracting both domestic and foreign institutional investors. 

According to reports, Welspun One is seeking an equity value of INR 600 crore to 800 crore for the four remaining assets, while the overall enterprise value, including debt, is expected to exceed INR 1,700 crore.

The maiden fund invested in six logistics parks, two of which located in Farrukhnagar and Bhiwandi have already been monetised. The sale of the remaining assets represents the final phase of the fund’s exit strategy and is intended to generate returns for investors while completing the full investment cycle.

Saurabh Gupta, Chief Executive Officer – Fund Management at Welspun One, said “The exit aligns with the fund’s planned maturity and reflects the company’s disciplined investment approach. He added that the portfolio has attracted strong interest from logistics park operators as well as domestic and global institutional investors.” 

Welspun One stated that the monetization process will help it refocus on growing its second logistics fund while recycling resources into new ventures. Through its second fund, the company has already invested around INR 2,000 crore in nine Grade A logistics assets. Last year, it initiated a INR 1,000-crore co-investment program to increase the number of projects in its development pipeline to approximately 14–15. The plan represents the company’s ongoing commitment to building industrial infrastructure and institutional-grade warehouses throughout India’s major production and consuming centers.

The first logistics fund was established to address the demand-supply gap in India’s warehousing sector by developing pre-leased, Grade A greenfield logistics parks in major Tier-I and Tier-II cities. The portfolio was built to capitalise on growing demand from sectors such as manufacturing, third-party logistics and e-commerce, which have driven sustained absorption of high-quality warehousing space over the past few years. With modern logistics infrastructure witnessing increasing interest from institutional investors, the company believes the timing is favourable for monetising mature assets while redeploying capital into new developments.