Welspun One appoints CBRE to sell ₹1,600 crore-plus logistics parks portfolio
Welspun One is winding down its maiden ₹500 crore fund and has appointed CBRE to sell four Grade A logistics parks across Bengaluru, Lucknow, NCR and Chennai. The 4.5 million sq ft portfolio, leased to tenants including Amazon and Flipkart, is expected to fetch ₹1,600-1,700 crore in enterprise value.
Welspun One has appointed CBRE to sell four logistics parks across Bengaluru, Lucknow, NCR and Chennai as its ₹500 crore maiden fund matures. The 4.5-million-sq-ft portfolio, leased to Amazon, Flipkart and others, could exceed ₹1,600 crore in enterprise value.
Why this matters
The sale follows Welspun One's stated goal to lease 10 million sq ft of warehouses over three years, doubling its footprint, while it exits assets from its maiden fund.
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