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Property Share dives into warehousing sector, to raise investment in Flipkart-leased facility


Property Share, India’s premier tech platform for commercial real estate investments, plans to expand its operations and build an AUM of over Rs 1,000 crore across warehousing assets. The company is looking to tie up assets throughout tier I and tier II cities such as Mumbai, Bangalore, Pune, and Lucknow

“The India warehousing market today is similar to the office market in the early 2000s regarding demand and quality. We are targeting 18-24 months to build the portfolio with an average of 5lakh sq ft of high-quality warehousing assets in these locations over the next 3-4 years. We are looking at 2-3 other warehouses in Tier 2 cities,” said Kunal Moktan, Co-Founder & CEO of Property Share. The firm owns three warehousing assets in the UK spread over 2 lakh sq ft each and is looking to expand, too.

The firm is raising capital against its first India warehousing asset on the platform, a 9.1% yielding Grade A+ warehouse in Jaipur tenanted to Flipkart, India’s most significant e-commerce player totalling Rs. 191 crore. According to the company, Flipkart’s largest distribution cum fulfilment centre in the West, processing 2 lakh orders per day, five lakhs during Big Billion Days).

The Warehousing industry is likely to witness high growth both in terms of rent and capital values as quality and demands are driven by international players like Amazon and Walmart, backed by Flipkart. The segment has seen over $ 10 billion in investment from institutional investors over the last 6-7 years alone.

“As a real estate investor, it therefore makes tremendous sense to be owning high-quality warehouses today in strategic cities at prices that are a discount to replacement cost. As a platform, we see this as an opportunistic and tactical way to play the warehousing and infrastructure growth story that India is witnessing. We will continue to look at adding similar assets to our portfolio,” he said.

Established in 2016, PropShare is India’s first and largest technology-driven real estate investment platform that allows users direct access to institutional-grade commercial real estate assets.PropShare’s founding team comes with more than $1 billion of institutional investment experience at The Blackstone Group and a strong background in tech. PropShare is institutionally owned and counts Westbridge Capital, LightSpeed Venture Partners, Pravega and BEENEXT as investors.


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