|
Private Sector | Delhi - India | PID: 202180
|
Alternative asset manager WSB Real Estate Partners (WSB) has made a foray into the warehousing sector and is looking to invest over Rs 1,200 crore over the next two years. The assets will be spread over around four million sq. ft. during this period
The company's maiden warehousing park will come up on a 16-acre land parcel on NH-71 in Delhi-NCR. It has a development potential of over 3,60,000 sq. ft. The company will develop this facility along with its project partner Panattoni, a global warehouse developer with Rs 110 crore outlay. The park is situated in the industrial cluster west of Gurugram, the Farukh Nagar-Jhajjar-Luhari belt and the development is slated to be completed by March 2025
The institutional investment manager is in talks with developers in key metro cities encompassing Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Chennai, Bengaluru as well as select non-metro cities for the warehousing projects vWSB further plans to channelise more institutional capital in this space. In addition to this, the firm expects to conclude three to four deals, diligence for which is ongoing for cumulatively worth Rs 500 crore to Rs 700 crore, in the next few months. Since 2013, WSB has committed more than USD 275 million of capital in the real estate sector
| Updated on: 21 - Dec - 2023
|
|
|
|