Mumbai: NDR InvIT Trust has acquired an operational warehousing asset spanning over 0.7 million sq ft in the Chakan-Talegaon industrial belt near Pune bringing it under the portfolio of the listed infrastructure investment trust.
The asset is fully occupied, including committed leases, and has a weighted average lease expiry (WALE) of around 8.7 years. Tenants include companies across e-commerce, third-party logistics (3PL) and industrial sectors, providing visibility on long-term rental income.
Also Read: NHAI backed InvIT to raise Rs 6,000 crore; IPO planned on March 11
The acquisition is being carried out through a mix of cash consideration and a unit swap, valuing the asset at a gross asset value (GAV) of about Rs 208 crore. The total transaction value is around Rs 203 crore.
The deal assumes significance as it underscores the growing momentum in the listed Infrastructure Investment Trust (InvIT) space, with operational warehousing assets increasingly being folded into yield-generating portfolios.
“The Pune acquisition marks a strategic addition to our portfolio in one of India’s most established industrial and warehousing markets. With strong underlying demand drivers, high-quality tenants, and long-term leases, this asset aligns well with our focus on acquiring income-generating, institutional-grade properties. We continue to build a diversified portfolio across key consumption and manufacturing hubs to drive sustainable value for our stakeholders,” said Krishnan Iyer, CEO, NDR InvIT.
Following the acquisition, NDR InvIT’s total operating portfolio will increase to around 22.17 million sq ft, strengthening its footprint across major logistics markets.
“This is a well-leased, operational asset with a strong tenant base, and we look forward to working closely with them to ensure smooth day-to-day operations,” said Ramachandran Rajaram, Zonal Head, NDR Asset Management.
The addition is in line with InvIT's strategy of scaling up its portfolio with stabilised, income-generating assets in core industrial and consumption hubs. Institutional investors have increasingly focused on such assets in recent years, led by relatively predictable cash flows and long-term leases.
Located within one of Pune’s established warehousing and manufacturing clusters, the property benefits from connectivity to major transport routes such as the Mumbai-Pune Expressway and the Pune-Nashik Highway. The Chakan-Talegaon belt has seen sustained demand from automotive and industrial occupiers, along with growth in e-commerce and logistics, making it a preferred location for Grade-A warehousing developments.
The transaction underscores continued investor interest in leased warehousing assets, even as supply in established micro-markets remains constrained.
Also Read: NHAI-backed Raajmarg Infra InvIT garners Rs 1,728 cr from anchor investors
India’s warehousing sector has seen growing institutional participation, particularly in Grade-A assets in key corridors such as Pune, Mumbai, Delhi-NCR and Bengaluru. Demand from manufacturing, retail and third-party logistics players continues to drive absorption, while infrastructure improvements have supported the development of large, modern logistics parks.
The asset is fully occupied, including committed leases, and has a weighted average lease expiry (WALE) of around 8.7 years. Tenants include companies across e-commerce, third-party logistics (3PL) and industrial sectors, providing visibility on long-term rental income.
Also Read: NHAI backed InvIT to raise Rs 6,000 crore; IPO planned on March 11
The acquisition is being carried out through a mix of cash consideration and a unit swap, valuing the asset at a gross asset value (GAV) of about Rs 208 crore. The total transaction value is around Rs 203 crore.
The deal assumes significance as it underscores the growing momentum in the listed Infrastructure Investment Trust (InvIT) space, with operational warehousing assets increasingly being folded into yield-generating portfolios.
“The Pune acquisition marks a strategic addition to our portfolio in one of India’s most established industrial and warehousing markets. With strong underlying demand drivers, high-quality tenants, and long-term leases, this asset aligns well with our focus on acquiring income-generating, institutional-grade properties. We continue to build a diversified portfolio across key consumption and manufacturing hubs to drive sustainable value for our stakeholders,” said Krishnan Iyer, CEO, NDR InvIT.
Following the acquisition, NDR InvIT’s total operating portfolio will increase to around 22.17 million sq ft, strengthening its footprint across major logistics markets.
“This is a well-leased, operational asset with a strong tenant base, and we look forward to working closely with them to ensure smooth day-to-day operations,” said Ramachandran Rajaram, Zonal Head, NDR Asset Management.
The addition is in line with InvIT's strategy of scaling up its portfolio with stabilised, income-generating assets in core industrial and consumption hubs. Institutional investors have increasingly focused on such assets in recent years, led by relatively predictable cash flows and long-term leases.
Located within one of Pune’s established warehousing and manufacturing clusters, the property benefits from connectivity to major transport routes such as the Mumbai-Pune Expressway and the Pune-Nashik Highway. The Chakan-Talegaon belt has seen sustained demand from automotive and industrial occupiers, along with growth in e-commerce and logistics, making it a preferred location for Grade-A warehousing developments.
The transaction underscores continued investor interest in leased warehousing assets, even as supply in established micro-markets remains constrained.
Also Read: NHAI-backed Raajmarg Infra InvIT garners Rs 1,728 cr from anchor investors
India’s warehousing sector has seen growing institutional participation, particularly in Grade-A assets in key corridors such as Pune, Mumbai, Delhi-NCR and Bengaluru. Demand from manufacturing, retail and third-party logistics players continues to drive absorption, while infrastructure improvements have supported the development of large, modern logistics parks.
