NDR InvIT Trust, a Mumbai-based infrastructure investment trust, has acquired a grade-A fully operational warehousing asset in Hosur for Rs 2,850 mn, via a mix of cash and unit swap. The asset comprises one point seven eight million square feet (msf) of leasable area, including zero point eight eight million square feet of developed open yard, and is 100 per cent occupied with a weighted average lease expiry of 23.95 years. The transaction will be executed through a combination of cash consideration and unit swap.

Post-acquisition the InvIT’s operating area will expand to 21.46 msf and gross asset value will increase by Rs 2,940 mn. The acquisition marks the trust’s entry into its 17th city and is positioned in a rapidly growing electric vehicle and automotive manufacturing hub with strong connectivity to Bengaluru. Gross asset value increase follows internal valuation adjustments and will be reflected in forthcoming disclosures.

The trust described the purchase as a strategic expansion into a high-growth manufacturing corridor that enhances income stability owing to long-term leases and high-quality tenants. For the quarter ended December 31, 2025 the InvIT reported revenue from operations of Rs 1,058.9 mn and a profit before tax of Rs 422.6 mn, and it has proposed a distribution of Rs 743 mn for the quarter. Management indicated that steady occupancy and long leases underpin its decision to propose the distribution.

The portfolio spans 37 industrial parks and over 67 warehouses across 16 cities with the top 10 clients accounting for approximately 32 per cent of leased area. Industry data from JLL indicated that by 2025 total warehousing stock surpassed 610 million square feet with grade A spaces forming 53 per cent of supply, signalling growing institutional participation and quality upgrades. The trust will integrate the new asset into its existing operations and management systems to maintain service standards.