One Industrial Spaces is an entrepreneurial venture of Mr. Anshul Singhal — former CEO of Embassy Industrial Parks, the joint venture between Embassy Group and Warburg Pincus. An integrated organisation for fund, asset and end-to-end development management for the warehousing sector in India.
The newly formed firm will focus on tier I and II towns and will deploy capital to unlock prime lands via flexible models of partnerships, JVs and development management options — a first of its kind in the country.
Singhal, founder and CEO, One Industrial Spaces said that the company will have access to high quality tenants who are looking for large format warehousing spaces for long term lease on clean, compliant land. One Industrial Spaces is also partnering with landowners to unlock land faster. Given a choice, they would like to partner or form a JV with a professional organisation to develop a quality asset. The firm is also in the process of launching the first domestic warehousing funds to invest in the warehousing segment in India.
Some of the bigger funds in this space include Ascendas Firstspace, LOGOS and IndoSpace.
Singhal also added that the company will be the first warehousing company in India with focused partnership models for landowners that help them make stable returns on their existing land. It will also provide investors and financing tie-ups to capitalise each project with a combination of equity and debt. Additionally, the firm has tied up with two Asset Reconstruction Companies (ARCs) and is now in active talks with various banks on their stressed asset departments to buy out and develop these industrial assets.
Source: Economic Times