NDR InvIT acquires warehousing and industrial properties worth Rs 706 crore
NDR InvIT Trust, a prominent player in the infrastructure investment sector, has successfully acquired a Grade-A industrial and warehousing portfolio across markets like Surat, Hyderabad, Bengaluru, and Pune. This strategic move enhances NDR InvIT’s assets by adding 2.01 mn sqft of fully operational space, reflecting the firm’s focus on establishing a diversified and scalable infrastructure presence in high-growth areas.
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The acquisition, valued at Rs 706 crore, is anticipated to generate substantial returns, with 100% occupancy rates and reputable tenants. Furthermore, the properties have a weighted average lease expiry (WALE) of 15.4 years, positioning NDR InvIT for continued stability and growth in its investment trajectory.
The transaction will be financed through a mix of cash consideration Rs 565 crore and a preferential issue Rs 141 crore which will see 11.01 million units allotted at Rs 128 per unit, representing a 21.6% premium over the trade price.
«This acquisition marks a significant step in strengthening our portfolio with high-quality, diversified assets that align with India’s infrastructure growth ambitions. As the country focuses on modernizing supply chains under initiatives like the Gati Shakti National Master Plan and the ‘Make in India’ campaign, these strategic investments reaffirm
