NDR InvIT acquires warehousing assets in Kochi, Coimbatore for ₹260 crore

Bengaluru: NDR InvIT Trust acquires two operational warehousing assets in Kochi and Coimbatore approx. ₹260 crore, continuing the buying momentum this year.

This expansion adds approximately 0.79 million square feet of leasable space for the company, which is listed on the National Stock Exchange. NDR InvIT acquired the assets from sponsor NDR Warehousing Pvt. Ltd.

The purchases will be made for cash and through unit swaps, the foundation said in a statement on Friday.
NDR InvIT, which counts Bahrain-based alternative investment manager Investcorp as an investor, is India’s first continuous storage and industrial parks InvIT.

Continuous storage InvIT allows investors to accumulate money in a portfolio of storage and logistics assets that are managed and operated to generate consistent, long-term rental income.

With the latest acquisition, the company’s total footprint now stands at 22.96 million square feet across 18 cities, strengthening its footprint across India.

“Going forward, we see significant opportunities to scale our platform across South India and other under-penetrated hubs, supported by strong user demand and improving infrastructure,” said Amrutesh Reddy, Managing Director, NDR Warehousing Pvt. Ltd. he said.

“Our focus will be on accelerating growth and delivering sustainable distributions to our investors while maintaining asset quality,” Reddy added in a statement.

Infrastructure investment trusts (InvITs) have emerged as a transformative tool in India’s infrastructure finance landscape, bridging the gap between large-scale project financing requirements and investors’ appetite for stable, long-term returns.

The InvIT field is dominated by roads, followed by energy and logistics; Property consultant Knight Frank India said last year that penetration of renewables, airports, ports and wind remains minimal, leaving significant room for growth.
NDR InvIT has also been a growth curve.

Confidence increased in March ₹410 crore through fully subscribed bond issuance, reflecting strong investor demand for quality infrastructure-backed assets. The issuance was carried out by the International Finance Corporation (IFC) with the participation of India Infrastructure Finance Corporation Ltd. (IIFCL). ₹205 crore of the total number.

In February, the company acquired 1.78 million square feet of Class A operational warehousing assets in Hosur, Tamil Nadu. ₹285 crore. In March, it acquired another asset in Pune’s Chakan-Talegaon industrial area. ₹203 crore.