Cargo Breaking News
NDR InvIT Trust has completed the acquisition of Grade-A industrial and warehousing portfolio spread across the markets of Surat, Hyderabad, Bengaluru, and Pune. This strategic acquisition adds 2.01 million square feet of fully operational, high-quality assets to NDR InvIT’s growing portfolio, demonstrating the firm’s commitment to creating a scalable infrastructure footprint. The acquisition, valued at INR 706.1 Cr, is expected to deliver robust returns and includes properties with 100% occupancy, marquee tenants, and a weighted average lease expiry (WALE) of 15.4 years. The acquired warehousing portfolio, spreading across 2.01 MSF, include facilities in Surat (0.90 MSF), Hyderabad (0.40 MSF), Bengaluru (0.33 MSF), and Pune (0.39 MSF).
“This acquisition marks a significant step in strengthening our portfolio. These strategic investments reaffirm our commitment to advancing the warehousing and industrial sectors while delivering long-term stable returns to our stakeholders. By expanding into key markets such as Surat and Hyderabad, we are well-positioned to address the rising demand for world-class industrial and logistics infrastructure,” Amrutesh Reddy, Director, NDR InvIT Managers, said.
