WSB Real Estate Partners, formerly known as Walton Street BlackSoil, has revealed plans to launch a new fund within the next two months. Following the successful deployment of its Rs 700-crore second fund, the firm will target the burgeoning southern Indian growth markets, with a particular focus on Bengaluru, Hyderabad, and Chennai. Two-thirds of the fund's capital will be invested in these areas through structured debt in mid-income residential real estate projects. The company aims to partner with developers known for their execution and delivery track records.
WSB Real Estate Partners, formerly known as Walton Street BlackSoil, is gearing up to launch a new fund following the imminent completion of its Rs 700-crore second fund deployment within the next two months. A senior executive within the firm shared this significant news, shedding light on the company's ambitious investment plans.
The Managing Partner of WSB Real Estate Partners, revealed to the press that the forthcoming fund will target the burgeoning growth markets in southern India, with a specific focus on cities like Bengaluru, Hyderabad, and Chennai. The firm intends to allocate two-thirds of its capital to these promising markets.
The investment strategy of the new fund will predominantly revolve around structured debt investments in residential real estate projects, catering to the mid-income housing segment in select tier-I cities. WSB Real Estate Partners is actively seeking partnerships with developers boasting a strong execution and delivery track record.
Since 2013, the company has invested over Rs 1,400 crore in the southern markets, of which they have exited over Rs 1,000 crore across 20 transactions.
Notably, in the previous year, WSB Real Estate Partners had surpassed its initial target fund size of Rs 500 crore, tapping into the greenshoe option for its Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF II). The second fund had a target size of Rs 500 crore, and they dipped into the additional greenshoe of Rs 250 crore.
The firm has successfully raised over Rs 700 crore and deployed 90% of the raised capital across 30 deals, positioning itself for the forthcoming third transaction. As part of its investment strategy, WSB Real Estate Partners is set to concentrate on mid-income residential assets, with an average deployment of Rs 70 crore per project.
One of the highlights from WSBREDF II's recent investments includes injecting more than Rs 175 crore into three under-construction mid-income housing projects in Bengaluru. Furthermore, the company has been actively participating in projects like Sowparnika Homes Private Limited's housing developments in Bengaluru with a Rs 60 crore investment and a substantial Rs 115 crore investment with Ultrabright Realty.
The announcement of this new fund reflects WSB Real Estate Partners' strong commitment to the dynamic real estate market in southern India, solidifying its position as a key player in the region's real estate investment landscape.
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