Bengaluru, April 17 -- NDR InvIT Trust has acquired two operational warehousing assets in Kochi and Coimbatore for around Rs.260 crore, continuing its buyout momentum this year.

This expansion adds about 0.79 million sq ft of leasable area for the National Stock Exchange-listed company. NDR InvIT has acquired the assets from sponsor NDR Warehousing Pvt. Ltd.

The acquisitions will be executed through a mix of cash consideration and unit swap, the Trust said on Friday.NDR InvIT, which counts Bahrain-based alternative investment manager Investcorp as an investor, is India's first perpetual warehousing and industrial parks InvIT.

A perpetual warehousing InvIT lets investors pool money into a portfolio of warehousing and logistics assets th...