Logistics realty platform Welspun One raises Rs.2,300-Cr from NaBFID

Welspun One Logistics Parks (WOLP), an integrated fund and development warehousing platform, has raised INR 2,300 crore from National Bank for Financing Infrastructure and Development (NaBFID) for its logistics park project at Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.With this underwriting of construction finance by NaBFID, the platform has achieved financial closure of its project spanning over 55 acres.With a total development potential of over 3.6 million sq ft, the park will cater to e-commerce, third-party logistics (3PL), fast-moving consumer goods (FMCG) and manufacturing sectors.