Real Estate
NDR InvIT Acquires Two Warehousing Assets in Kochi & Coimbatore for ₹260 Crore
NDR InvIT Trust has acquired two grade-A, fully operational warehousing assets in Kochi and Coimbatore for a total consideration of approximately ₹260 crore.
New Delhi, April 17: The portfolio comprises 0.79 million sq ft of leasable area.
Key Details
-
Acquisition consideration: ~₹260 crore
-
Gross Asset Value (GAV): ~₹271 crore
-
Leasable area added: 0.79 million sq ft
-
Occupancy: 100%
-
Weighted Average Lease Expiry (WALE): ~5.2 years
-
Total operating area post-acquisition: ~22.96 million sq ft
Transaction Structure
The acquisition will be executed through a mix of cash consideration and unit swap.