India's WOLP's 2nd warehousing-focussed fund raises ₹1,000 cr - Fibre2fashion.com

Welspun One Logistics Parks (WOLP) has announced plans to raise a potential corpus of ₹2,000 crore ($269 million) through its second alternative investment fund (AIF). The company aims to increase its assets under management to $1 billion by investing over ₹8,000 crore ($1.08 billion). The fund will focus on adding 10-12 million square feet of new projects to its portfolio over the next four to five years. The warehousing sector is experiencing significant growth, with a record-high demand of 51.3 million square feet expected in FY23.

Source: Link