Bahrain-based Investcorp, a worldwide funding supervisor specializing in various investments, mentioned it has led a USD 55 million (round Rs 411.45 crore) funding in NDR Warehousing.
NDR has a well-diversified asset portfolio comprising 18 logistics parks throughout Chennai, Mumbai, the National Capital Region, Bengaluru, Coimbatore and Kolkata.
Over the following few years, the Bengaluru-based logistics participant is planning to double its portfolio from the present 11.6 million sqft because it expands into Pune and Goa.The firm claims a high-quality tenant base and has a present occupancy charge of over 99 per cent.
Ritesh Vohra, a associate and head of actual property at Investcorp India, mentioned Investcorp has been actively investing within the warehousing sector globally for a few years now.
N Amrutesh Reddy, Managing Director of NDR, mentioned, the corporate intends to proceed the aggressive development plans nationally, underpinned by the sturdy execution capabilities and long-standing tenant relationships. He didn’t say who’re different traders or how a lot fairness has been diluted in favour of the brand new traders.
Investcorp’s India realty workforce invests in actual property tasks situated in high tier cities.
So far, it has deployed USD 200 million by two funds throughout 26 tasks. It has a longtime historical past within the senior structured credit score house inside actual property, with a give attention to mid-market and reasonably priced residential tasks being developed by well-established builders.
Investcorp India can also be lively within the mid-market non-public fairness house and has invested throughout the patron tech, healthcare, monetary providers, retail, SaaS, e-commerce, and know-how sectors.
Its investments during the last 4 years embody Intergrow Brands, Bewakoof.com, Freshtohome, Zolo, InCred, Citykart, ASG, NephroPlus, Unilog, XpressBees, and Safari Industries.
Founded in 1982, Investcorp has 13 workplaces throughout the US, Europe, the GCC and Asia, together with India, China and Singapore. As of December 2021, it was managing property value USD 40.4 billion, together with property managed by third get together managers.
