NDR InvIT acquires two warehousing assets in Kochi & Coimbatore 

NDR InvIT Trust has successfully acquired two grade-A, fully operational warehousing properties located in Kochi and Coimbatore for a total amount of around ₹260 crore.

This portfolio includes 0.79 million square feet of leasable space. The acquisition carries a gross asset value (GAV) of about ₹271 crore and will be carried out through a combination of cash payment and unit exchange.

Currently, the assets are fully occupied, featuring a weighted average lease expiry (WALE) of roughly 5.2 years. As a result of this acquisition, the company’s total operational area will expand to approximately 22.96 million square feet.