Welspun One is set to significantly expand its warehousing and industrial real estate operations. The company aims to lease over 10 million square feet of space in the next three years. This expansion includes large-format facilities and adjacent segments like in-city distribution.
Synopsis
Welspun One is set to significantly expand its warehousing and industrial real estate operations. The company aims to lease over 10 million square feet of space in the next three years. This expansion includes large-format facilities and adjacent segments like in-city distribution.
Mumbai: Welspun One, the Welspun World group’s warehousing and industrial real estate platform, is aiming to lease over 10 million sq ft of warehousing space over the next three years, nearly double its current operational footprint.
During the financial year 2025-26, the company executed leases and letters of intent totalling over 2.5 million sq ft. This was aided by demand from third-party logistics (3PL) operators, manufacturers and e-commerce players, the company said in a release.
These deals include a 5.9 lakh sq ft single-box facility for Amazon India, a 20-metre-high warehouse for AAJ Supply Chain, and a controlled-environment facility of over 2 lakh sq ft for medical equipment manufacturers.
As part of its next growth phase, Welspun One is also expanding beyond large-format warehousing into adjacent segments including in-city distribution, retail and commercial infrastructure.
The company’s key projects under construction include India’s largest FTWZ development at Nhava Sheva with over 4.5 million sq ft of space, over half a million of multi format assets in Thane for retail, commercial and distribution centre, 1.2 million sq ft logistics park in Chakan, Pune.
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It also includes 1.2 million sq ft Logistics and Industrial park in Hoskote, Bangalore and 1.2 million sq ft logistics and Industrial park in Chennai and over 1.5 million sq ft logistics and Industrial park in Cuttack, and over half a million sq ft in Tauru and Haileymandi in NCR.
The platform is supported by ongoing construction and capital deployment, with total delivery of additional 3.5 million sq ft in next 4 quarters across its assets, the release added.
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