Liquidity Events
Welspun One to wind down maiden Rs.500-Cr logistics parks fund
Mumbai-based Welspun One has begun the process of winding down its maiden INR 500 crore logistics parks fund. The company has appointed CBRE as an advisor to manage the sale of the four remaining assets in the portfolio.Established in 2019, Welspun One is an integrated fund and development management platform focused on logistics and industrial real estate. The fund, which was launched in 2020-21, invested in six logistics parks, having already exited its investments in the Farrukhnagar and Bhiwandi projects.The firm is seeking an equity value of approximately INR 600-800 crore for the remaining four assets, with the total enterprise value of the portfolio expected to exceed INR 1,600-1,700 crore. The four remaining assets span roughly 4.5 million sq. ft. across Bengaluru, Lucknow, the National Capital Region, and Chennai.Welspun continues to focus on its second fund, which has already invested close to INR 2,000 crore across nine Grade A assets.
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