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NDR InvIT Trust has acquired a Grade-A industrial and warehousing portfolio worth INR 706.1 crore, adding 2.01 million square feet of fully operational properties in Surat, Hyderabad, Bengaluru, and Pune. The deal, financed through cash and a preferential issue, includes fully occupied assets with marquee tenants and a weighted average lease expiry of 15.4 years. This acquisition increases the trust's gross asset value by 15.22 percent and operational area by 12 percent to 19 million square feet. It also strengthens its presence in Bengaluru and Pune while entering new markets, aligning with India's infrastructure growth and supply chain modernisation efforts.
NDR InvIT Trust, a leading infrastructure investment trust, has been actively expanding its portfolio to align with India's growing demand for industrial and logistics infrastructure. With a focus on high-quality assets, the trust aims to capitalise on initiatives such as the Gati Shakti National Master Plan and the Make in India campaign, which emphasise modernising supply chains and boosting economic growth. Advertisement
Last week, NDR InvIT Trust announced the acquisition of a Grade-A industrial and warehousing portfolio valued at INR 706.1 crore. This purchase adds 2.01 million square feet (MSF) of fully operational, high-quality properties to its growing portfolio. The assets, located in key markets such as Surat, Hyderabad, Bengaluru, and Pune, are fully occupied, have marquee tenants, and boast a weighted average lease expiry (WALE) of 15.4 years. The acquisition will be financed through a combination of INR 565.1 crore in cash and a preferential issue of INR 141 crore. Under the preferential issue, 11.01 million units will be allotted at INR 128 per unit, reflecting a 21.6 percent premium over the trade price.
Amrutesh Reddy, Director of NDR InvIT Managers, highlighted the acquisition as a crucial step in expanding their portfolio with diversified, high-quality assets. He emphasised the alignment with India's infrastructure growth ambitions and the commitment to advancing the warehousing and industrial sectors while ensuring stable, long-term returns for stakeholders. The acquisition is expected to increase NDR InvIT's gross asset value (GAV) by 15.22 percent. Additionally, it will expand the trust's operational area by 12 percent, bringing the total to 19 million square feet. This growth further underscores NDR InvIT's commitment to scaling its portfolio and meeting the evolving demands of the industrial and warehousing sector.
The deal also strengthens NDR InvIT's presence in established markets like Bengaluru and Pune while enabling its entry into new regions such as Surat and Hyderabad. These strategic expansions enhance its geographic reach and allow the trust to tap into key industrial hubs across the country.
With fully leased properties occupied by marquee tenants, the acquisition positions NDR InvIT to address the increasing need for modern logistics and industrial infrastructure in India. This move not only adds high-quality assets to its portfolio but also supports the country's efforts to modernise its supply chains under various national initiatives.
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