Cargo Breaking News
NDR InvIT Trust has acquired MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, for `143.9 crore, marking its entry into the city’s logistics market. The Grade-A facility offers around 4.63 lakh sqft of leasable space on 21 acres and is 98 per cent leased to prominent clients in FMCG, third-party logistics, retail, and paint sectors. Located along the NH 30 (Lucknow-Raebareli Road) corridor, the warehouse benefits from excellent connectivity, while its position on the southern edge of the city ensures access to major industrial hubs in neighbouring districts. The acquisition reinforces the trust’s commitment to expanding its high-quality logistics portfolio in northern India.
