Welspun One makes maiden bet worth $240 million from warehousing fund

Welspun One, warehousing assets investor, has made the first investment from its second vehicle, the Welspun One Logistics Parks Fund II (WOLPF II) with a target corpus of Rs 20 billion (around $240 million). The fund which has raised Rs 15 billion so far, will now develop an in-city grade-A warehousing asset in Thane, Maharashtra. The project outlay is around Rs 6 billion (around $72 million).