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.
“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, told ET.
The company’s maiden warehousing park will come up on a 16-acre land parcel with development potential of over 360,000 sq ft on NH71 in Delhi-NCR. The company is making a total investment of over ₹110 crore to develop this facility along with its project partner Panattoni, a globally reputable warehouse developer. 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.
In addition to this, the firm expects to conclude about 3-4 deals, diligence for which is ongoing, cumulatively worth ₹500 crore to ₹700 crore, in the next few months.
It manages cumulative assets under management of over ₹2,200 crore along with its affiliates. WSB Partners is an India-focused alternative asset manager, founded by Walton Street Capital’s ex-India team including Kaushik Desai, Vinit Prabhugaonkar, Vimal Jangla and the Blacksoil Group.
Since 2013, WSB has committed more than $275 million of capital in the real estate sector.
