JLL India has acted as exclusive financial advisor for NDR InvIT Trust, India’s first listed Warehousing and Industrial Parks InvIT, in its acquisition of a 0.9 million sq. ft. Grade A industrial warehouse near Surat, Gujarat.
The fully operational industrial park, developed by a consortium of Mumbai-based developers and hosting several blue-chip tenants, was acquired through a mix of cash and InvIT unit issuance to existing shareholders. The deal strengthens NDR InvIT’s strategic foothold in Western India’s fast-growing logistics market, with its Assets Under Management (AUM) reaching approximately 19.01 million sq. ft. as of Q3FY2025.
Located in Kosamba, near Surat, the industrial park forms part of a longstanding warehousing cluster along the Kosamba-Palsana-Sachin belt, offering proximity and excellent connectivity to Surat, Vadodara, and Ahmedabad via the golden quadrilateral. This strategic location has prompted the development of modern warehousing facilities and an increase in rentals for Grade A spaces.
Lata Pillai, Senior Managing Director & Head of Capital Markets, India, at JLL, said the deal reflects the explosive growth in India’s warehousing sector, which now ranks third in attracting investments and accounts for nearly a quarter of the country’s total real estate inflow. “This InvIT warehouse buyout is a game-changer, exemplifying the synergy between local expertise and national capital,” she added.
Daljit Singh, Marketing Director at NDR InvIT Managers Pvt Ltd, commented that the acquisition marks a significant milestone in their expansion strategy. “Surat’s strategic location and its growing significance in India’s industrial landscape make this a valuable addition to our portfolio. This move reaffirms our commitment to creating long-term value for our unitholders while meeting the evolving needs of our tenants,” he said.
The transaction is expected to further strengthen NDR InvIT’s position as a leading provider of high-quality industrial and warehousing solutions in India’s key growth centres.
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