Investcorp makes addl Rs 500 crore investment in NDR Warehousing

Investcorp, a global investment manager specialising in alternative investments, has pumped in Rs 500 crore more into NDR Warehousing.

This is the second investment that the fund has made into the warehouse development and operating platform. It had invested USD 55 million last year, the fund said in a statement Monday.

Investcorp's India real estate team invests in real estate projects located in top tier cities and so far, it has deployed over USD 350 million across the warehousing, residential and education related sectors broadly with a social infrastructure focus.

NDR has a diversified asset portfolio comprising warehouses across 10 cities including Chennai, Mumbai, Coimbatore and Kolkata, offering over or 14 million square feet area with an aggregate occupancy rate of over 95 per cent.

It also has around 5 million square feet under construction.

NDR is considering listing part of its warehousing portfolio as an Infrastructure Investment Trust (InvIT) later this year.

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