JLL helps NDR InvIT acquire industrial park, boosts Gujarat sector

• NDR InvIT Trust acquires a fully operational 0.9 million sq. ft. Grade A industrial warehouse in Kosamba, near Surat.
  
  
• The transaction was financed through a mix of cash and InvIT unit issuance to existing shareholders of the park
  
  
• JLL served as the exclusive financial advisor, facilitating the strategic acquisition. 

 JLL India has successfully advised NDR InvIT Trust, India's first listed Warehousing and Industrial Parks InvIT, on the acquisition of a premium Grade A industrial warehouse near Surat, Gujarat. The 0.9 million sq. ft. fully operational industrial park, developed by a leading consortium of Mumbai based developers, houses 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.

JLL played a pivotal role in structuring and facilitating this transaction, reinforcing its leadership in India’s industrial and logistics real estate advisory sector.

“India's warehousing sector has emerged as a powerhouse, ranking third in attracting investments and accounting for nearly a quarter of the country's total inflow in real estate. The explosive growth is evident, with Grade A annual stock growth in Tier I cities tripling in just five years, while Tier II markets have skyrocketed up to sevenfold. This recent InvIT warehouse buyout is a game-changer, exemplifying the synergy between local expertise and national capital. It's a testament to how InvITs can reshape the industry landscape, driving consolidation, boosting efficiency, and unlock value. This deal isn't just a transaction; it's a blueprint for the future of India's warehousing sector, offering a win-win scenario for regional operators, investors, and the broader economy alike." said Lata Pillai, Senior Managing Director & Head of Capital Markets, India, JLL.

"This acquisition marks a significant milestone in our 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. As our trusted partner, we look forward to continuing our collaboration with JLL to strengthen our presence in the region and other key markets," said Daljit Singh Marketing Director NDR InvIT Managers Pvt Ltd.

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.

 JLL is India’s premier and largest professional services firm specialising in real estate. The Firm has grown from strength to strength in India for the past two decades. JLL India has an extensive presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi, and Coimbatore) and over 130 tier-II and III markets with a cumulative strength of over 15,000 professionals. The Firm provides investors, developers, local corporates, and multinational companies with a comprehensive range of services. These include leasing, capital markets, research & advisory, transaction management, project development, facility management and property & asset management. These services cover various asset classes such as commercial, industrial, warehouse and logistics, data centres, residential, retail, hospitality, healthcare, senior living, and education. For further information, please visit jll.co.in