Chennai, Nov. 25 -- Canada Pension Plan Investment Board (CPP Investments) and IndoSpace announced on Tuesday the acquisition of six industrial and logistics parks valued at Rs.30 billion (C$471 million), by IndoSpace Core, a joint venture established in 2017 to acquire and develop logistics facilities across India.
The six assets collectively span 380 acres with a leasable area of approximately nine million square feet, adding to IndoSpace Core's portfolio of fully developed, income-generating parks. These projects are located in India's key logistics markets, including Bengaluru, Chennai, Delhi, Mumbai, and Pune.
This acquisition strengthens IndoSpace Core's position as India's largest operator of stabilised industrial and logistics rea...