WOLP to build warehousing space to service BMR

Welspun One Logistics Parks (WOLP) has announced it acquired 40 acres of land to set up a warehousing facility on MalurHosur road. With development potential of one million sq. ft. and a project cost of 300 crore, the facility will service Bengaluru Metropolitan Region’s (BMR) demand for space. Bengaluru has always has been a warehousing supply-starved market. The demand has witnessed an uptick following post COVID e-Commerce boom.

BK Goenka, Chairman, Welspun Group said, “It (acquisition) will deepen our Fund Portfolio, and this is a first step towards our presence in the region.”