NDR InvIT Trust, India’s first perpetual warehousing and industrial parks InvIT listed on the National Stock Exchange, has acquired two Grade-A, fully operational warehousing assets in Kochi and Coimbatore for a total consideration of around ₹260 crore.
The portfolio comprises about 0.79 million sq ft of leasable area across strategically located assets in two fast-growing South Indian warehousing hubs. The acquisition has a gross asset value (GAV) of approximately ₹271 crore and will be executed through a mix of cash and unit swap.
The assets are fully occupied, with a weighted average lease expiry (WALE) of around 5.2 years, ensuring stable and predictable cash flows. The portfolio is leased to a diversified tenant base spanning logistics, industrial and manufacturing sectors, supporting income resilience.
Located in Kochi and Coimbatore—key emerging logistics and industrial hubs—the assets benefit from strong end-user demand, improving infrastructure, and proximity to consumption and manufacturing centres. Both markets have seen rising traction from third-party logistics (3PL), e-commerce and industrial occupiers, driven by regional economic growth and supply chain optimisation.
Amrutesh Reddy, Managing Director, NDR Warehousing Pvt Ltd said,“This portfolio addition is aligned with our strategy of deepening our presence in emerging, high-growth logistics markets. Going forward, we see significant opportunities to scale our platform across South India and other underpenetrated hubs, backed by strong occupier demand and improving infrastructure. Our focus will be on accelerating growth while maintaining asset quality and delivering sustainable distributions to our investors.”
Post acquisition, NDR InvIT’s total operating area will rise to about 22.96 million sq ft. The entry into Kochi marks the InvIT’s expansion into a new high-growth market, taking its presence to 18 cities and strengthening its pan-India footprint.
NDR InvIT Trust currently manages about 22.17 million sq ft of assets, comprising over 75 warehouses and 42 industrial parks across 18 cities, leased to more than 100 tenants across sectors including 3PL, e-commerce, technology, engineering, automobiles, white goods, retail and FMCG.
The portfolio comprises about 0.79 million sq ft of leasable area across strategically located assets in two fast-growing South Indian warehousing hubs. The acquisition has a gross asset value (GAV) of approximately ₹271 crore and will be executed through a mix of cash and unit swap.
The assets are fully occupied, with a weighted average lease expiry (WALE) of around 5.2 years, ensuring stable and predictable cash flows. The portfolio is leased to a diversified tenant base spanning logistics, industrial and manufacturing sectors, supporting income resilience.
Located in Kochi and Coimbatore—key emerging logistics and industrial hubs—the assets benefit from strong end-user demand, improving infrastructure, and proximity to consumption and manufacturing centres. Both markets have seen rising traction from third-party logistics (3PL), e-commerce and industrial occupiers, driven by regional economic growth and supply chain optimisation.
Amrutesh Reddy, Managing Director, NDR Warehousing Pvt Ltd said,“This portfolio addition is aligned with our strategy of deepening our presence in emerging, high-growth logistics markets. Going forward, we see significant opportunities to scale our platform across South India and other underpenetrated hubs, backed by strong occupier demand and improving infrastructure. Our focus will be on accelerating growth while maintaining asset quality and delivering sustainable distributions to our investors.”
Post acquisition, NDR InvIT’s total operating area will rise to about 22.96 million sq ft. The entry into Kochi marks the InvIT’s expansion into a new high-growth market, taking its presence to 18 cities and strengthening its pan-India footprint.
NDR InvIT Trust currently manages about 22.17 million sq ft of assets, comprising over 75 warehouses and 42 industrial parks across 18 cities, leased to more than 100 tenants across sectors including 3PL, e-commerce, technology, engineering, automobiles, white goods, retail and FMCG.