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Business Standard
a day ago
- Business
- Business Standard
Welspun One acquires 107 acres in Karnataka for warehousing projects
Welspun Group-backed warehousing and logistics platform Welspun One Logistics Parks (WOLP) on Wednesday announced it has acquired two land parcels totalling 107 acres in southern India for two warehousing projects. With this acquisition, the company's total footprint has expanded to over 260 acres across Karnataka and Tamil Nadu, marking a significant step in strengthening its pan-South India presence, Welspun One said. This portfolio represents a development potential of over 6 million sq ft, supported by a committed investment of $250 million (Rs 2,150 crore), the company said. Welspun One said it has acquired around 51 acres of land in Hoskote and 56 acres in Devanahalli, Karnataka. With these acquisitions, the company has further strengthened its presence in South India, underscoring its confidence in the region's long-term growth potential. "The Bengaluru market in particular holds immense promise, and these investments demonstrate our conviction and capability," said Balkrishan Goenka, Chairman, Welspun Group. These acquisitions will enhance Welspun One's warehousing capabilities, creating scalable hubs to serve diverse occupiers across multiple industries, the company said. In East Bengaluru's Hoskote cluster, Welspun One has acquired around 51 acres for its Proxima category park, a Grade-A warehousing facility built to serve 3PLs, FMCG, and retail players, it said. The second acquisition, around 56 acres in Devanahalli, is part of the upcoming Proxima Plus category, a first-of-its-kind premium warehousing development by Welspun One. Proxima Plus parks by Welspun One are designed to serve discerning occupiers, including electronics, aerospace, EV, and pharma firms, offering plug-and-play features, tech-enabled infrastructure, and superior design aesthetics. "From North Chennai to Bengaluru, we've stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream, " said Anshul Singhal, Managing Director, Welspun One Logistics Parks.
Economic Times
a day ago
- Business
- Economic Times
Welspun One acquires 107-acre in Bengaluru, to invest Rs 2,150 cr across Karnataka and Tamil Nadu
Welspun One Logistics Parks (WOLP), a warehousing and industrial real estate development and investment platform, has acquired two prime land parcels in Bengaluru, investing Rs 2,150 crore ($250 million, including land cost) to further scale its operations in South India. Welspun One has acquired 51 acres in Hoskote and 56 acres in Devanahalli, further strengthening its presence in South India. With these additions, the company's regional land bank now exceeds 260 acres across Karnataka and Tamil Nadu, translating into a development potential of over 6 million sq. ft. The projects are backed by a committed investment of $250 million (Rs 2,150 crore). WOLP's strategy has been to enter high-potential markets early, ahead of mainstream demand. Having pioneered large-scale developments in North Chennai and Bengaluru's Bagalur, the firm is now expanding across Devanahalli and Hoskote, creating a multi-node network to serve diverse East Bengaluru's Hoskote cluster, WOLP will develop a Proxima-category park, a Grade-A warehousing hub catering to 3PLs, FMCG, and retail clients. This micro-market, home to occupiers such as Amazon, Flipkart, and DHL, is expected to benefit from upcoming infrastructure including the Satellite Town Ring Road (STRR) and the Bengaluru-Chennai 56-acre Devanahalli site, part of WOLP's premium Proxima Plus category, will be developed near the Airport City and the proposed Multi-Modal Logistics Park (MMLP). Designed for high-value sectors including electronics, aerospace, EVs, and pharmaceuticals, Proxima Plus parks will feature plug-and-play capabilities, advanced tech infrastructure, and modern design aesthetics. "These acquisitions are more than just land transactions, they represent our commitment to building the backbone of South India's new-age supply chains. From North Chennai to Bengaluru, we have stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream. With Proxima and Proxima Plus, we are offering our clients differentiated options, scalable, future-ready, and aligned with the evolving needs of industry and commerce,' said Anshul Singhal, Managing Director, Welspun One Logistics said Bengaluru's warehousing demand is rising at 15% annually, with supply shortfalls in key clusters like Hoskote-Soukya. Its multi-node strategy now covers North, East, and South Bengaluru, ensuring localized fulfilment in a city constrained by traffic and dispersed consumption zones."Welspun One's momentum in the South underscores our Group's larger vision, to build long-term, future-facing businesses that power India's infrastructure story. The Bengaluru market in particular holds immense promise, and these investments demonstrate our conviction and capability,' said Balkrishan Goenka, Chairman, Welspun Group. With these acquisitions, Welspun One is capitalizing on strong demand from 3PL, FMCG, electronics, retail, and EV sectors. The company continues to adopt a mix of outright purchases, joint ventures, and leasehold models, ensuring both flexibility and capital efficiency. It plans to build a 20–25 million sq. ft. portfolio with $2.5 billion AUM by 2028, with South India playing a central role in this growth strategy.
News18
a day ago
- Business
- News18
Welspun One acquires 107 acres in Karnataka for warehousing projects
Agency: Mumbai, Aug 21 (PTI) Welspun Group-backed warehousing and logistics platform Welspun One Logistics Parks (WOLP) on Wednesday announced it has acquired two land parcels totalling 107 acres in southern India for two warehousing projects. With this acquisition, the company's total footprint has expanded to over 260 acres across Karnataka and Tamil Nadu, marking a significant step in strengthening its pan-South India presence, Welspun One said. This portfolio represents a development potential of over 6 million sq ft, supported by a committed investment of USD 250 million (Rs 2,150 crore), the company said. Welspun One said it has acquired around 51 acres of land in Hoskote and 56 acres in Devanahalli, Karnataka. With these acquisitions, the company has further strengthened its presence in South India, underscoring its confidence in the region's long-term growth potential. 'The Bengaluru market in particular holds immense promise, and these investments demonstrate our conviction and capability," said Balkrishan Goenka, Chairman, Welspun Group. These acquisitions will enhance Welspun One's warehousing capabilities, creating scalable hubs to serve diverse occupiers across multiple industries, the company said. In East Bengaluru's Hoskote cluster, Welspun One has acquired around 51 acres for its Proxima category park, a Grade-A warehousing facility built to serve 3PLs, FMCG, and retail players, it said. The second acquisition, around 56 acres in Devanahalli, is part of the upcoming Proxima Plus category, a first-of-its-kind premium warehousing development by Welspun One. Proxima Plus parks by Welspun One are designed to serve discerning occupiers, including electronics, aerospace, EV, and pharma firms, offering plug-and-play features, tech-enabled infrastructure, and superior design aesthetics. 'From North Chennai to Bengaluru, we've stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream, " said Anshul Singhal, Managing Director, Welspun One Logistics Parks. PTI IAS DR DR view comments First Published: August 20, 2025, 13:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
