New Delhi, Oct. 22 -- WSB Real Estate Partners, a real estate-focussed investment firm, has appointed Akash Rastogi as managing partner, the company said in a statement.
Rastogi has nearly two decades of experience in real-estate investment and development, with focus on warehousing and logistics real-estate value chain.
In his new role, Rastogi will lead the firm's industrial and logistics real-estate platform, overseeing investment origination, leasing and execution across logistics parks and industrial parks, manufacturing facilities, data centres, and industrial and workforce housing.
He will also focus on identifying investment opportunities, acquisitions and land aggregation. His responsibilities will further include supporting real estate credit and opportunistic investment transactions across the firm's portfolio, the statement added.
The appointment aligns with WSB's plans to expand its investment platform across real-estate asset classes including credit and logistics and warehouse.
"His experience across real estate investments, industrial and logistics development and institutional platform building will strengthen our capabilities as we expand into new asset classes and pursue emerging opportunities," Jyoti Agarwal, executive director, WSB Real Estate Partners.
"WSB has built a strong platform in real estate investments, backed by deep market understanding and established relationships across the sector," said Rastogi, managing partner, WSB Real Estate Partners.
Prior to joining WSB, Rastogi co-founded Interlayer One Warehousing and Onstruq, and served as head and board member of Ample Parks, an Actis-Mahindra Lifespaces joint venture.
He has also held leadership roles at LOGOS India, Country Garden Holdings, ICICI Prudential AMC, Marathon Asset Management and Citibank.
Meanwhile, the development comes months after senior leadership of WSB Partners including Kausik Desai, Vinit Prabhugoankar and Vimal Jangla moved to Neo Asset Management to set up real estate platform.
WSB Real Estate Partners has committed approximately Rs 4,000 crore in capital across over 75 real estate investments. WSB Partners is backed by the family offices of Allcargo Group, Navneet Education Limited, Mahavir Agency and Basoil Advisory.
Published by HT Digital Content Services with permission from VC Circle.