Surat : NDR InvIT Trust, India’s first listed Warehousing and Industrial Parks InvIT, has acquired a premium Grade A industrial warehouse near Surat, Gujarat, with JLL India as its exclusive financial advisor. The 0.9 million sq. ft. fully operational industrial park, developed by a leading consortium of Mumbai-based developers, is home to several blue-chip tenants.
This acquisition strengthens NDR InvIT’s foothold in Western India’s fast-growing logistics market and aligns with its strategic expansion plans. As of Q3FY2025, NDR InvIT’s Assets Under Management (AUM) stands at approximately 19.01 million sq. ft. across India.
Surat’s warehousing clusters are primarily located in the eastern zone along the ‘golden quadrilateral’, facilitating easy access to Vadodara and Ahmedabad. It’s oldest warehousing market, the Kosamba-Palsana-Sachin belt boasts of proximity and good connectivity to Surat city, making it a preferred location for 3PL players. This has prompted development of modern warehousing facilities in the belt, leading to an increase in rentals for Grade A spaces.
“This acquisition is a key milestone for NDR InvIT as we continue to strengthen our portfolio and expand into high-potential industrial hubs like Surat. The city’s strategic location and growing industrial base make this a valuable addition, helping us create long-term value for our unitholders. It also reflects our commitment to investing in high-quality assets that meet the evolving needs of our tenants. With JLL’s support, we have successfully completed this transaction, and we look forward to exploring more opportunities to grow our presence in key markets across India.”said Sandeep Jain, CFO, NDR InvIT Managers Pvt Ltd.
