MUMBAI: Welspun Group, a leading player in the line pipes, home textiles and advanced textiles segment, on Tuesday launched an alternate investment fund (AIF) that would offer domestic institutions, HNIs, family offices and NRIs an opportunity to invest in India’s warehousing and industrial real estate sectors. The AIF, categorized as type II among this type of funds under Sebi norms, will be managed by Welspun One Logistics Parks, the group’s asset management platform.
Sanctum Wealth Management and Edelweiss Wealth Management are two entities which will be the key distributors of the AIF, a release from the assets management company said.
The fund has a target size of Rs 500 crore with a four-year tenure. The Welspun family have pledged Rs 75 crore into the fund. The fund intends to acquire land parcels in high demand, pre-identified markets, and develop Grade-A warehousing parks which will be leased to highly-rated tenants on a long-term basis, the release said. “On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, REITs, etc. so as to provide an exit and deliver the targeted returns to the fund investors.”
In India, the warehousing and industrial real estate sectors are at an inflection point of growth and have exhibited significant interest from blue-chip investors globally and within the country, the release said. “Warehousing has been one of the few sectors to have demonstrated resilience and continued growth, despite the economic headwinds due to the Covid-19 pandemic.”
Sanctum Wealth Management and Edelweiss Wealth Management are two entities which will be the key distributors of the AIF, a release from the assets management company said.
The fund has a target size of Rs 500 crore with a four-year tenure. The Welspun family have pledged Rs 75 crore into the fund. The fund intends to acquire land parcels in high demand, pre-identified markets, and develop Grade-A warehousing parks which will be leased to highly-rated tenants on a long-term basis, the release said. “On completion, these assets would be divested to institutional investors including private equity, pension and sovereign funds, REITs, etc. so as to provide an exit and deliver the targeted returns to the fund investors.”
In India, the warehousing and industrial real estate sectors are at an inflection point of growth and have exhibited significant interest from blue-chip investors globally and within the country, the release said. “Warehousing has been one of the few sectors to have demonstrated resilience and continued growth, despite the economic headwinds due to the Covid-19 pandemic.”
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