NDR InvIT Trust has acquired two grade-A, fully operational warehousing assets in Kochi and Coimbatore for a total consideration of approximately ₹260 crore, according to reports from ETRealty. The acquisitions were executed through a combination of cash consideration and unit swap arrangements. The assets are 100% occupied with a gross asset value (GAV) of approximately ₹271 crore, ensuring stable and predictable cash flows. The portfolio comprises about 0.79 million sq ft of leasable area across strategically located assets in two fast-growing South Indian warehousing hubs.
This latest acquisition adds 0.79 million sq ft of leasable area to NDR InvIT's portfolio, bringing the company's total operating area to 22.96 million sq ft across 18 cities, as reported by ETRealty. The entry into Kochi marks the InvIT's expansion into a new high-growth market, strengthening its pan-India presence and positioning it as India's first perpetual warehousing and industrial parks InvIT. The company currently manages about 22.17 million sq ft of assets, comprising over 75 warehouses and 42 industrial parks across 18 cities, leased to more than 100 tenants across sectors including 3PL, e-commerce, technology, engineering, automobiles, white goods, retail and FMCG.
The acquired assets are fully occupied with a weighted average lease expiry (WALE) of approximately 5.2 years, providing long-term revenue visibility, according to ETRealty. The assets are leased to a diversified tenant base spanning logistics, industrial and manufacturing sectors, supporting income resilience. Both markets have seen rising traction from third-party logistics (3PL), e-commerce and industrial occupiers, driven by regional economic growth and supply chain optimization. Located in Kochi and Coimbatore—key emerging logistics and industrial hubs—the assets benefit from strong end-user demand, improving infrastructure, and proximity to consumption and manufacturing centres.
The Kochi and Coimbatore acquisitions follow several other significant transactions by NDR InvIT. In February, the company acquired a 1.78 million sq ft Grade-A, operational warehousing asset in Hosur, Tamil Nadu, for ₹285 crore, according to Mint. In March, the company added another asset in Pune's Chakan-Talegaon industrial belt for ₹203 crore. These acquisitions demonstrate the company's active buyout momentum throughout the year.
According to Amrutesh Reddy, managing director of NDR Warehousing Pvt. Ltd, as reported by The Economic Times, the company sees significant opportunities to scale its platform across South India and other under-penetrated hubs, backed by strong occupier demand and improving infrastructure. The focus will be on accelerating growth while maintaining asset quality and delivering sustainable distributions to investors. Infrastructure investment trusts (InvITs) have emerged as a transformative instrument in India's infrastructure financing landscape, with roads dominating the space followed by energy and logistics.
