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CPPIB to invest $1.2 bn in JV with IndoSpace

06:49 AM May 30, 2019 | Free Press Journal Correspondant

New Delhi : Canada Pension Plan Investment Board (CPPIB) announced an investment of up to USD 1.2 billion in a joint venture with IndoSpace, which is into development of industrial and logistics real estate.

The  JV firm ‘IndoSpace Core’ will focus on acquiring and developing modern logistics facilities in India. The deal is one of the largest in the Indian realty sector and the biggest in industrial and logistics real estate space in India. The JV will acquire 13 industrial and logistics parks totalling about 14 million sq ft, from current IndoSpace development funds.

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