CPP Investments-IndoSpace JV acquires 6 logistics parks for Rs.3,000-Cr

IndoSpace Core, the joint venture between Canada Pension Plan Investment Board (CPP Investments) and supply chain infrastructure platform IndoSpace , has acquired six industrial and logistics parks in India. The transaction is valued at INR 3,000 crore (CAD 471 million), with CPP Investments committing INR 1,400 crore (CAD 217 million) to fund the deal.The acquired assets collectively span 380 acres, providing about 9 million square feet of leasable area, and are located in Mumbai, Bengaluru, Chennai, Delhi, and Pune.Following this deal, the JV’s portfolio will expand to 22 mn sq ft of leasable area across 948 acres, catering to over 120 global and domestic companies.CPP Investments holds a 93% stake in IndoSpace Core, which was set up in 2017 to acquire and develop logistics facilities in India.