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NDR InvIT Trust acquired a 0.9 million sq ft Grade A industrial warehouse near Surat, Gujarat, expanding its AUM to 19.01 million sq ft. Advised by JLL India, the deal strengthens NDR InvIT's presence in Western India's growing logistics market. The strategically located park, along the 'golden quadrilateral', benefits from excellent connectivity, attracting 3PL operators. The acquisition reflects NDR InvIT's strategy to capitalize on demand for quality industrial spaces, enhancing operational efficiency and investor value. This move signals market confidence and anticipates further investment in Gujarat's infrastructure-driven growth.
NDR InvIT Trust has successfully completed the acquisition of a premium Grade A industrial warehouse near Surat, Gujarat, marking a significant milestone in its expansion strategy within the rapidly evolving logistics market of Western India. Advised by JLL India, the transaction involved the purchase of a fully operational industrial park spanning 0.9 million square feet, developed by a leading consortium of Mumbai-based developers. This acquisition not only strengthens NDR InvIT's regional presence but also aligns with its broader strategy to expand its Assets Under Management (AUM), which currently stands at approximately 19.01 million square feet across India as of Q3FY2025. Advertisement
The industrial park, situated in one of Gujarat's key warehousing clusters along the eastern zone of the 'golden quadrilateral', benefits from excellent connectivity to major cities such as Vadodara and Ahmedabad. This strategic location has made it a preferred choice for third-party logistics (3PL) operators, prompting a surge in the development of modern warehousing facilities in the area. With enhanced infrastructure and increased rental demand for Grade A spaces, the region is witnessing a transformation that is set to further boost its attractiveness as an investment destination.
This acquisition is not just a standalone transaction; it is seen as a strategic move that will have a ripple effect across India's industrial real estate market. By securing such a significant asset, NDR InvIT Trust is well positioned to capitalize on the ongoing demand for high-quality industrial spaces. The deal exemplifies how InvITs can reshape the industry landscape by driving consolidation, enhancing operational efficiency, and unlocking substantial value for investors.
Daljit Singh, Marketing Director at NDR InvIT Managers Pvt Ltd, stated that the acquisition marks a significant milestone in the company's expansion strategy. He highlighted Surat's strategic location and its growing importance in India's industrial landscape, making it a valuable addition to their portfolio. The move, he noted, reaffirms their commitment to creating long-term value for unitholders while addressing the evolving needs of tenants. He also emphasized their intent to continue collaborating with JLL to strengthen their presence in Surat and other key markets.
This acquisition is set to boost the market confidence, providing a strong signal to other investors that the sector remains vibrant despite global economic uncertainties. As the government continues to promote infrastructure development and connectivity improvements, Gujarat is likely to experience even greater investment inflows in the coming years.
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