Page 37 - Indian Transport & Logistics News July - August 2024 Issue for Website

News

Welspun One’s second fund raises ₹2,275 crore

he fund and development ultra-high-net-worth individuals,
Tmanagement platform Welspun family offices, corporates, and
One announced the closure of domestic institutions.
its second fund totalling ₹2,275 Combined with Fund 1, Welspun
crore, inclusive of co-investment One's investor base now comprises
commitments. 1000 unique investors. It also
“This achievement represents reads, “This success underscores
a significant milestone in the the confidence that investors have
domestic real estate alternatives in both the warehousing segment
sector, marking the largest and the robust franchise and
domestic fund raise in this space,” management team at Welspun One.
reads the release. This confidence is further bolstered
Capital was sourced from by the impressive track record of
a diverse pool of 800 Limited Fund 1, Welspun One's first fund
Partners (LPs) or investors, vehicle of approximately ₹500 crores,
including high-net-worth and raised in early 2021.”

IKEA partners with Rhenus IndoSpace leases over

ahead of e-commerce 1.25 lakh sq.ft space to

expansion in Delhi CJ Darcl in Bengaluru

J Darcl Logistics (CJ Darcl) has leased over
C1.25 lakh square feet of warehousing space
in the Narasapura Industrial and Logistics Park
in Bengaluru from IndoSpace for nine years.
Built on a plot spread across 64 acres,
the park is located just 54 kilometres from
Bengaluru city centre, says an official release
from IndoSpace.
Rajesh Jaggi, Vice Chairman - Real Estate,
The Everstone Group says: “This collaboration
KEA has signed an MoU delivery to customers in the not only symbolises our shared commitment to
Iwith Rhenus to elevate the Delhi NCR region, marking excellence but also strategically positions CJ
home delivery experience for a significant milestone in Darcl to leverage IndoSpace's expansive reach
customers in the Delhi NCR IKEA’s expansion in India. This across 11 cities and 52 parks, facilitating their
region. strategic expansion enables growth in key consumption and manufacturing
This step aims to support the company to fulfil majority hubs across India."
the growth of IKEA's of the orders within 24 hours.
e-commerce expansion Through technology
and ensure faster and more integration, the partnership
sustainable deliveries to the will enhance flexibility and
customers in the region. cost-effectiveness in managing
Under this partnership, the furniture major’s supply
IKEA India along with Rhenus, chain. In January 2024, IKEA
will establish a warehouse India announced the launch
facility capable of storing of its e-commerce offering
and fulfilling over 7000+ across 62 districts in the states
products. This initiative of Maharashtra, Karnataka,
ensures seamless doorstep Telangana, and Andhra Pradesh.
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www.itln.in July - August 2024