Welspun One has started winding down its maiden ₹500 crore logistics parks fund and appointed CBRE as the advisor to market the remaining four assets. The company aims to unlock an enterprise value exceeding ₹1,700 crore from these assets, according to livemint.com.
The process involves selling off the last four assets in the initial fund, which was focused on logistics parks. Welspun One is shifting its focus to its second fund, which has already invested close to ₹2,000 crore across nine Grade A assets. The appointment of CBRE is intended to facilitate the marketing and sale of these remaining properties.
This move reflects a broader trend in the logistics real estate sector, where investors are seeking to capitalize on the growing demand for Grade A logistics assets. Welspun One’s second fund, with a significantly larger corpus, indicates confidence in the sector’s growth potential. The enterprise value targeted from the maiden fund’s assets underscores the appreciation in logistics real estate valuations since the fund’s inception.
The winding down of the maiden fund and the sale of its remaining assets mark a key milestone for Welspun One. The company’s second fund, with investments nearing ₹2,000 crore, positions it as a significant player in the logistics parks segment. The next update on the asset sales is expected once CBRE completes the marketing process.