NDR InvIT Trust has successfully acquired two Grade-A warehousing assets located in Kochi and Coimbatore, India, for a total consideration of ₹260 crore (approximately $31.4 million USD). These assets encompass about 0.79 million sq ft of leasable area and are fully operational, ensuring stable cash flows with a weighted average lease expiry (WALE) of 5.2 years. The acquisition, which has a gross asset value of around ₹271 crore, will be financed through a combination of cash and unit swap. NDR InvIT's Managing Director, Amrutesh Reddy, emphasized the strategic importance of this acquisition in strengthening the trust's presence in high-growth logistics markets. Following this purchase, NDR InvIT's total operating area will increase to approximately 22.96 million sq ft, further enhancing its footprint across 18 cities in India. The assets are leased to a diverse range of tenants in logistics, industrial, and manufacturing sectors, benefiting from the growing demand in these regions driven by economic growth and improved infrastructure.