NDR Warehousing Pvt. Ltd, an Indian warehousing company backed by Bahrain-based alternative investment firm Investcorp, has listed the South Asian nation’s first perpetual warehousing and ..
"The total cost of development, including land, amounts to approximately ₹500 crore, and all payments have been completed with the land being duly registered. The company is also in discussions with both global and domestic partners about securing long-term capital. We anticipate finalising the transaction by October this year," stated Krishnan S Iyer, CEO, NDR InvIT.
A part of NDR group, NDR Warehousing was established in 1986. Under its managing director N Amrutesh Reddy, the company has experienced significant expansion, boasting a portfolio of 33 warehouses spanning 16.91 million sqft of leasable area across 12 cities. The firm plans to add 4-5 million sq ft per annum to expand its warehousing and industrial parks across the country.
On April 3, IRB Infrastructure Trust (road and highway assets) became the first privately placed InvIT to get listed on the NSE. Other InvITs are present in segments like power transmission.