1.78-million-sq-ft warehousing assets acquired by NDR InvIT Trust in Hosur
Infrastructure investment trust, NDR InvIT Trust, has acquired 1.78 million sq ft Grade-A, fully operational warehousing asset in Hosur, Tamil Nadu. As per The Economic Times, the deal is done for a total consideration of Rs 285 crores.
The 1.78 million square feet (msf) of leasable area includes 0.88 msf of developed open yard and is 100 percent occupied with a long weighted average lease expiry (WALE) of 23.95 years.
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