Welspun One and WTCA Sign Rs 8 Bn Urban Warehousing Deal in Thane
18 Dec 2024
2 Min Read
CW Team
Logistics and industrial real estate manager Welspun One has entered into a strategic partnership with the World Trade Centers Association (WTCA) to develop a 1 million sq ft warehousing facility in Thane, near Mumbai, with an investment of over Rs 8 billion. This facility will cater to urban distribution and will be India鈥檚 first mixed-use centre, combining an Urban Distribution Centre (UDC), retail, office spaces, food & beverage outlets, and an experience centre in a single project located in Thane鈥檚 Wagle Estate locality.
Welspun One is investing in the development of India鈥檚 tallest grade-A mixed-use urban distribution centre, while the WTCA will contribute through technological innovation and brand support. The project is designed to address the growing demand for just-in-time delivery and micro-fulfillment centres within the Mumbai Metropolitan Region (MMR).
Anshul Singhal, Managing Director of Welspun One, stated that consumer behaviour is evolving quickly, with the expansion of quick commerce into sectors beyond groceries, such as electronics and apparel, driving the demand for modern warehousing solutions. He added that with WTC Thane, they aim to set a new standard for integrated and sustainable urban logistics, enabling businesses to stay ahead in supply chain dynamics.
The property will feature 14 levels, with floor-to-floor heights ranging from 4.2 to 4.5 meters. Three of these floors have already been pre-leased, and 35% of the leasing pipeline is advanced. The lower levels will accommodate retail and food & beverage outlets, while the upper levels will offer Grade A office spaces and experience centres.
According to Welspun One, businesses operating at WTC Thane will be able to serve 50% of the city鈥檚 households within 30 minutes and cover up to nearly 10 million sq ft of commercial space, making it a key hub for supply chain, retail distribution, and business parks.
Welspun One, the warehousing platform of the $5 billion conglomerate Welspun World, recently announced plans to invest over Rs 27 billion to develop India鈥檚 largest single-location grade A warehousing and industrial park. This project will be located on 55 acre within the Jawaharlal Nehru Port Authority (JNPA) special economic zone (SEZ) in Navi Mumbai.
Logistics and industrial real estate manager Welspun One has entered into a strategic partnership with the World Trade Centers Association (WTCA) to develop a 1 million sq ft warehousing facility in Thane, near Mumbai, with an investment of over Rs 8 billion. This facility will cater to urban distribution and will be India鈥檚 first mixed-use centre, combining an Urban Distribution Centre (UDC), retail, office spaces, food & beverage outlets, and an experience centre in a single project located in Thane鈥檚 Wagle Estate locality.Welspun One is investing in the development of India鈥檚 tallest grade-A mixed-use urban distribution centre, while the WTCA will contribute through technological innovation and brand support. The project is designed to address the growing demand for just-in-time delivery and micro-fulfillment centres within the Mumbai Metropolitan Region (MMR).Anshul Singhal, Managing Director of Welspun One, stated that consumer behaviour is evolving quickly, with the expansion of quick commerce into sectors beyond groceries, such as electronics and apparel, driving the demand for modern warehousing solutions. He added that with WTC Thane, they aim to set a new standard for integrated and sustainable urban logistics, enabling businesses to stay ahead in supply chain dynamics.The property will feature 14 levels, with floor-to-floor heights ranging from 4.2 to 4.5 meters. Three of these floors have already been pre-leased, and 35% of the leasing pipeline is advanced. The lower levels will accommodate retail and food & beverage outlets, while the upper levels will offer Grade A office spaces and experience centres.According to Welspun One, businesses operating at WTC Thane will be able to serve 50% of the city鈥檚 households within 30 minutes and cover up to nearly 10 million sq ft of commercial space, making it a key hub for supply chain, retail distribution, and business parks.Welspun One, the warehousing platform of the $5 billion conglomerate Welspun World, recently announced plans to invest over Rs 27 billion to develop India鈥檚 largest single-location grade A warehousing and industrial park. This project will be located on 55 acre within the Jawaharlal Nehru Port Authority (JNPA) special economic zone (SEZ) in Navi Mumbai.
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