NDR InvIT Trust, India’s first perpetual warehousing and industrial park infrastructure investment trust, has acquired MLG Warehousing & Industrial Park in Lucknow for Rs 143.9 crore.

This strategic move marks the company's entry into Uttar Pradesh’s growing logistics segment, and enhances its pan-India logistics footprint. The Grade-A facility spans 4.63 lakh sq. ft. on ~21 acres along the Lucknow–Raebareli Road (NH 30) corridor, offering excellent connectivity to key consumption and industrial hubs. The warehouse is 98 percent leased to a diversified mix of tenants in FMCG, 3PL, retail, and paints.

NDR InvIT now manages over 19.22 million sq. ft. across 67 warehouses and 37 industrial parks in 15 cities, reinforcing its role as a key player in India’s logistics infrastructure space. The investment aligns with NDR’s strategy to develop sustainable, institutional-grade assets and support India’s supply chain transformation. Executives emphasise this acquisition as a milestone in building a future-ready, national logistics network.