Welspun One ties up with GRT group to develop two warehouses

Welspun One Logistics Parks, the Welspun Group’s logistics fund and de­ve­lopment management platform, has entered into a partnership with Ta­mil Nadu-based GRT Group for investing in two warehousing projects. The two parks will receive up to Rs 7 billion in direct investments. For the first wa­rehouse project, Welspun One Logistics Parks and the GRT Group will es­tablish a 50:50 joint venture, while the second will be developed by Wel­spun One under a development management agreement. The JV project will mark the final investment by Welspun One Logistics Parks’ first warehousing alternative investment fund, which has a corpus of Rs 5 billion.