6 months ago
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CPP Investments and IndoSpace associated task IndoSpace Core connected Tuesday (November 25, 2025) announced the acquisition of six concern and logistics parks valued astatine ₹3,000 crore (471 cardinal Canadian dollars).
The six parks, located crossed cardinal logistics markets, including Bengaluru, Chennai, Delhi, Mumbai, and Pune, collectively span 380 acres with a leasable country of astir 9 cardinal sq ft, the institution said. Set up successful 2017 to get and make logistics facilities crossed India, IndoSpace Core is co-owned by proviso concatenation infrastructure level IndoSpace and Canada Pension Plan Investment Board (CPP Investments), which holds a 93% involvement successful the JV (joint venture).
CPP Investments volition perpetrate ₹1,400 crore (217 cardinal Canadian dollars) to money the acquisition, it said. The latest acquisition strengthens the JV's presumption arsenic India's largest relation of stabilised concern and logistics existent estate, the institution said.
"India's logistics assemblage continues to payment from beardown structural growth, driven by urbanisation and the expanding manufacturing footprint. We judge this acquisition volition present attractive, risk-adjusted returns for CPP contributors and beneficiaries," said Hari Krishna V, managing director, caput of existent property India and Mumbai bureau head, CPP Investments.
Following this transaction, IndoSpace Core's portfolio volition grow to 22 cardinal sq ft of leasable country crossed 948 acres, catering to implicit 120 planetary and home companies crossed six large concern hubs: Bengaluru, Chennai, Delhi, Hyderabad, Mumbai, and Pune.
IndoSpace strategy is to stay capital-efficient and proactive successful pursuing caller improvement opportunities. As India cements its presumption arsenic a planetary manufacturing hub, the level is witnessing an expanding request for high-quality, compliant, and sustainable infrastructure and this is wherever the institution precisely envisages its adjacent signifier of maturation unfolding, said Anshuman Singh, managing manager and CEO, IndoSpace.
"This transaction reflects however India's logistics assemblage has evolved into a semipermanent concern communicative driven by unchangeable request and organization confidence," helium said.
With implicit 60 cardinal quadrate feet developed and nether development, IndoSpace has established itself arsenic the largest subordinate successful India's concern and logistics existent property sector, Singh added.
