Welspun One Logistics Parks (WOLP) has announced the launch of its second fund, WOLP Fund 2, which has a size of INR 2,000 crores and includes a green shoe option of INR 1,000 crores. The fund is the successor of WOLP Fund 1, which raised capital commitments of around INR 500 crores in early 2021 from domestic investors. WOLP Fund 1 has already delivered strong performance with a 100% commitment across a portfolio of six investments totaling approximately 6.5 million square feet in just 1.5 years from its first close.
WOLP Fund 2 aims to continue the success of its predecessor by investing in warehousing and industrial real estate. WOLP is India’s first integrated fund and development management platform focused on this asset class, allowing it to execute the real estate side of the business in-house, from securing approvals to project management and execution. WOLP has built a team of over 150 professionals led by a highly experienced senior management team. The fund places a strong emphasis on creating and implementing robust processes for governance and transparency, and has recently launched the “WOLP investor portal” to provide investors with comprehensive information on their portfolio assets and performance.
WOLP Fund 2 aims to capitalize on the favorable policy changes in India’s warehousing industry, which has become a fully integrated priority sector that contributes to the country’s $1 trillion economy. The warehousing industry is a resilient asset class that has drawn significant interest from national investors due to its lucrative development returns and stable long-term yields, making it an attractive investment destination. WOLP Fund 2 will continue to develop Grade-A warehouses that serve prominent and emerging businesses across the country.