Welspun One Logistics Parks (WOLP), an integrated fund and development management platform With an emphasis on industrial and storage real estate, RS plans to raise 20 billion for its second fund, including Rs 10 billion for green shoe option. The alternative investment fund (AIF) Being formed for India's warehousing and logistics industry is the largest to date.

A pan-Indian development plan for WOLP Fund 2 aims to build a total of 8-12 million square feet based on opportunities in tier I and tier II locations and in-city projects in Mumbai, Delhi, and Bangalore. According to Balkrishan Goenka, Chairman of Welspun Group, "the storage industry is now a fully integrated priority sector in India contributing to the $1 trillion economy. On the basis of The country's favorable policy changes, this resilient asset class has attracted significant interest from national investors. Welspun One is the only storage platform that allows domestic capital to invested in the Indian growth story of warehousing."

Welspun One Logistics Parks Fund 2 is established in the wake of WOLP Fund 1, an AIF for domestic investors raised in 2021 and subject to SEBI regulations. WOLP Fund 1 had raised Rs 5 billion From a range of high-net worth investors, including Marquee individuals and family offices.

Anshul Singhal, Managing Director, Welspun One Logistics Parks said. "Our strong performance in WOLP Fund 1 has encouraged us to plan our second fund more widely, allowing domestic investors to be part of this exciting asset class that has already raised $5-6 billion in foreign institutional capital." In less than a year and a half since its initial close, the first fund has delivered strong performance with a track record of 100% commitment across a portfolio of six investments, totaling more than 6.5 million square feet. Nearly 50% of the first fund's investment portfolio is expected to be physically delivered, leased and operational by mid-2023.