Welspun One, the integrated fund and development management platform focusing on creating Grade A warehousing and industrial real estate, launched India’s first warehousing fund in 2021.
Now the company continues to add to its list of “firsts” with the launch of its Investor portal, a first of its kind initiative in the Indian private equity space which sets the gold standard for investor reporting and transparency.
The SEBI regulated Category II Alternative Investment Fund (AIF) provided investors an opportunity to participate in the warehousing sector across the asset creation cycle right from the land buying stage and through the leasing, development and exit of the asset with a potential to earn attractive returns.
The investor portal is a web-based service which an investor can access using a PAN number and OTP based login. The portal is organized in to two key sections- a document repository and the investment and portfolio dashboard.
The document repository provides the investor with a repository of all investment documents including the private placement memorandum, copies of executed on-boarding documents and contribution agreement, historical and current statements of account, tax statements, quarterly investor reports, etc.
The investment and portfolio dashboard offers investors a comprehensive summary of their investments and underlying assets. This includes investment amount, drawdown amounts, next drawdown date, current investment value, investment breakdown by asset, total square footage of the portfolio by asset, development and leasing status, and granular information on each asset, such as construction progress and leasing status. This level of detail helps address the issue of limited visibility on investment performance often associated with private equity funds.
Anshul Singhal, Managing director, Welspun One said, “As a fund manager, our fiduciary duty to our investors is paramount and ensuring that our investors have seamless and transparent access to investment performance information is an important component of this. This initiative is also an extension of the Welspun Groups ethos of customer centricity and strong emphasis on being a market leader in ESG practices across each of its businesses.”
Welspun One Logistics Parks Fund 1 has invested its entire Rs 500 crore corpus across six investments in five cities, totaling 6.6 million sq ft of gross leasable area, and plans to deliver approximately 50% of this portfolio by 1QFY24. The company also has an active pipeline of around 600 acres of land, which will allow the development of 12-13 million sq ft of warehousing space. Over the next 4-5 years, the company aims to develop a portfolio of 20-25 million sq ft across first and last mile facilities in Tier 1, Tier 2, and Tier 3 cities throughout India.