6 days ago

Welspun One Plans Data Centre, Residential Real Estate Expansion

Welspun One Plans Data Centre, Residential Real Estate Expansion
Welspun arm eyes data centre foray · financialexpress.com

Welspun One is a company that invests in warehouses and other property projects.

It now wants to expand into data centres and homes.

It may also create new investment funds to support these plans.

The company is considering projects that combine offices, shops, logistics facilities and other uses.

Its first investment fund has been closed after two property sales.

Four more properties from that fund are being prepared for sale.

Its second fund has invested nearly Rs 2,000 crore in nine high-quality properties.

Welspun is also building World Trade Centre projects in Thane and Nhava Sheva.

These projects are intended to bring different kinds of real estate together in one connected development.

Key facts

New sectors
Data centres and residential real estate
Fund 1 status
Liquidated; two exits completed and four remaining assets are in the exit process
Fund 1 remaining portfolio
Four assets totaling 4.9 million square feet
Fund 2 investment
Nearly Rs 2,000 crore invested across nine Grade A assets
WTC Thane
One million square feet under development, with Rs 1,000 crore invested
WTC Nhava Sheva
A 55-acre project at JNPA SEZ with around 4.45 million square feet of development potential and a Rs 2,700 crore investment outlay
Additional plans
New alternative investment funds and evaluation of mixed-use land development

Quotes

Saurabh Gupta

CEO of fund management at Welspun One

“We see vertically integrated ecosystems such as WTC Thane as a potential next-generation real estate model for the country bringing logistics, commercial infrastructure and consumer-facing spaces together within a more efficient, integrated ecosystem.”
financialexpress.com
“Our focus remains on scaling the fund and expanding its investment pipeline. As the portfolio matures, we will evaluate exit opportunities based on asset maturity, market conditions and the objective of maximising value for investors.”
financialexpress.com

Sources

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