LUCKNOW, Uttar Pradesh – In a strategic move to deepen its pan-India presence NDR InvIT Trust India’s first perpetual warehousing and industrial park infrastructure investment trust, has acquired the MLG Warehousing & Industrial Park in Lucknow for ₹143.9 crore.
This acquisition marks NDR InvIT’s strategic entry into the rapidly growing logistics market of Uttar Pradesh, strengthening its portfolio in a key consumption and industrial corridor.
A Grade-A Asset in a Strategic Location
The acquired facility is a Grade-A warehousing and industrial park spanning 4.63 lakh square feet on a 21-acre plot. Its prime location along the Lucknow–Raebareli Road (NH 30) offers excellent connectivity to major industrial and consumption hubs in the region, making it a highly attractive asset for logistics operations.
The warehouse boasts a strong occupancy rate of 98 per cent, leased to a diversified roster of tenants from sectors including FMCG, Third-Party Logistics (3PL), retail, and paints. This diverse tenant mix ensures stable and resilient rental income.
Consolidating a National Logistics Network
With this acquisition, NDR InvIT further cements its position as a major player in India’s logistics infrastructure landscape. The Trust’s portfolio now encompasses over 19.22 million square feet of space across 67 warehouses and 37 industrial parks spread strategically over 15 cities.
This investment is aligned with NDR InvIT’s core strategy of acquiring and developing sustainable, institutional-grade assets that support the ongoing transformation and formalization of India’s supply chain and logistics ecosystem. Company executives have highlighted the acquisition as a key milestone in building a future-ready, national logistics network that can meet the demands of a modern economy.
Frequently Asked Questions (FAQ)
1. What is NDR InvIT?
NDR InvIT Trust is India’s first perpetual warehousing and industrial park Infrastructure Investment Trust (InvIT). It allows investors to pool money into income-generating infrastructure assets like warehouses.
2. What has NDR InvIT acquired?
It has acquired the MLG Warehousing & Industrial Park, a Grade-A logistics facility in Lucknow, Uttar Pradesh, for ₹143.9 crore.
3. Why is the Lucknow location significant?
The facility is strategically located on National Highway 30, connecting Lucknow to Raebareli. This provides excellent access to key industrial and consumption centers in Uttar Pradesh, a massive and growing market.
4. What is the size and occupancy of the acquired asset?
The warehouse spans 4.63 lakh sq. ft. and is currently 98% leased, indicating it is a high-quality, income-generating asset.
5. Which industries are the tenants from?
The tenants come from a diversified mix of stable sectors, including FMCG (Fast-Moving Consumer Goods), 3PL (Third-Party Logistics), retail, and paints.
6. How does this fit into NDR InvIT’s larger strategy?
This acquisition is part of NDR’s strategy to build a pan-India portfolio of institutional-grade logistics assets. It marks their entry into Uttar Pradesh and helps create a more resilient and widespread national logistics network.
7. What is NDR InvIT’s total portfolio size now?
Post-acquisition, NDR InvIT manages over 19.22 million sq. ft. of space across 67 warehouses and 37 industrial parks in 15 Indian cities.
