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NDR InvIT Trust has acquired two Grade-A warehousing assets in Kochi and Coimbatore for around INR 260 crore, adding nearly 0.79 million sq ft of leasable space to its portfolio. The fully operational assets are 100% occupied and come with a weighted average lease expiry of over five years, ensuring stable rental income. The acquisition strengthens the trust’s presence in high-growth South Indian logistics hubs, supported by rising demand from e-commerce, manufacturing, and third-party logistics players. With this transaction, the platform’s total operating area has expanded to nearly 23 million sq ft across multiple cities, reflecting continued institutional interest in India’s warehousing and logistics segment as a long-term yield-generating asset class.
NDR InvIT Trust has expanded its logistics footprint with the acquisition of two fully operational Grade-A warehousing assets located in Kochi and Coimbatore for a total consideration of approximately INR 260 crore. The transaction, disclosed earlier this week, adds around 0.79 million sq ft of leasable space to the trust’s portfolio, taking its overall operating area to nearly 22.96 million sq ft. Advertisement
The acquired assets are fully leased and generate stable cash flows, supported by a diversified tenant base spanning logistics, manufacturing, and industrial sectors. The portfolio carries a weighted average lease expiry of around 5.2 years, indicating income visibility over the medium term. The acquisition is being executed through a mix of cash consideration and unit swaps, aligning with the trust’s capital-efficient expansion strategy.
The move marks the trust’s entry into Kochi while strengthening its presence in Coimbatore, both of which are emerging as key logistics and warehousing hubs in southern India. These markets have witnessed increasing occupier demand driven by the growth of e-commerce, third-party logistics providers, and regional manufacturing clusters. Their proximity to ports, consumption centres, and industrial corridors has further enhanced their attractiveness for institutional investors.
With this addition, the trust now operates across 18 cities, managing a large network of warehouses and industrial parks leased to over 100 tenants. The expansion aligns with its broader strategy of deepening presence in underpenetrated but high-growth logistics markets, while maintaining asset quality and stable distributions for investors.
The transaction also reflects the growing institutionalisation of India’s warehousing sector, where structured investment vehicles such as InvITs are consolidating fragmented assets and creating scalable platforms. Demand for organised logistics infrastructure has remained robust, supported by supply chain optimisation, policy push for infrastructure development, and rising consumption across urban and semi-urban markets.
Industry observers indicate that such acquisitions highlight a shift in investor preference towards income-generating real assets with long-term lease visibility. Warehousing, in particular, has emerged as a relatively resilient asset class, offering steady yields compared to more cyclical segments such as office or retail real estate.
As logistics networks continue to expand and integrate with national infrastructure initiatives, further consolidation and portfolio acquisitions by institutional players are expected across emerging industrial and port-linked markets.
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