Welspun One Logistics Parks rolls out debut fund

Welspun One Logistics Parks has launched its debut alternative investment fund (AIF) focused on warehousing in India. The fund, Welspun One Logistics Parks Fund I, has a target corpus of Rs 5 billion with a tenor of four years and a hurdle rate of 15 per cent. The promoter family office of the Welspun Group has committed Rs 750 million to the fund. The fund will acquire land parcels in high-demand, pre-identified markets, and develop Grade A warehousing parks, which will be leased on a long-term basis to tenants from sectors such as e-commerce, FMCG, third-party logistics, pharmaceuticals and auto ancillaries. It will tap into domestic institutions, HNIs, family offices and NRIs to scoop up capital. Sanctum Wealth Management and Edelweiss Wealth Management are on board as key distributors of the AIF.

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