WSB Partners Proposes To Fund over Rs 1,200 cr for Warehousing Foray

WSB Real Estate Partners (WSB), an India-focused alternative asset management, has entered the warehouse industry and plans to invest over Rs. 1,200 crore over the next two years to expand its portfolio across the country. During this time, the company plans to build total warehouse assets totaling around 4 million square feet, according to a top official.

The institutional investment manager is in talks with developers in key metro cities of Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Chennai, Bengaluru as well as select non-metro cities to undertake these warehousing projects, as per economic times.

"With the robust infrastructure and various government policy initiatives showing economic green shoots across the country, the warehousing and logistics sector presents significant potential for institutional investors. WSB, with its institutionalised investment management approach, will channelise more institutional capital in this space," Vinit Prabhugaonkar, managing partner, WSB.

The company's first storage park would be built on a 16-acre land piece with over 360,000 square feet of growth potential on NH71 in Delhi-NCR. The corporation is investing more than 110 crore in this facility with its project partner Panattoni, a worldwide famous warehouse developer. The park is located in the Farukh Nagar-Jhajjar-Luhari belt, an industrial cluster west of Gurugram, and is expected to be finished in March 2025.

In addition, the firm intends to close 3-4 deals, the diligence for which is ongoing, totaling 500 crore to 700 crore in the next months.