💡 NDR InvIT acquires two Grade-A warehousing assets for ₹260 crore, expanding portfolio and entering new high-growth market.
What Happened
NDR InvIT Trust has announced the acquisition of two Grade-A, fully operational warehousing assets in Kochi and Coimbatore for a total consideration of approximately ₹260 crore. The portfolio comprises approximately 0.79 million square feet of leasable area and has a Gross Asset Value (GAV) of around ₹271 crore. The assets are currently 100% occupied with a weighted average lease expiry (WALE) of approximately 5.2 years.
Key Details
- Company: NDR InvIT Trust
- Event Type: Expansion
- Filing Date: 17-Apr-2026 14:56:27
- NSE Filing: View Document
Why It Matters
This acquisition represents a strategic expansion for NDR InvIT Trust, marking its entry into the Kochi market and increasing its total operating area to approximately 22.96 million square feet. The addition of these fully operational, 100% occupied assets in rapidly growing South Indian logistics hubs provides immediate cash flow visibility and strengthens the InvIT's pan-India footprint across 18 cities. The transaction aligns with the company's growth strategy in emerging, high-growth logistics markets and enhances its portfolio diversification with stable, long-term lease agreements.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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