CPPIB, INDOSPACE ACQUIRES 6 LOGISTICS PARKS WORTH %3K CR

Canada Pension Plan Investment Board and IndoSpace on Tuesday announced the acquisition of six industrial and logistics parks, valued at Rs 30 billion, by IndoSpace Core, a joint venture established in 2017 to acquire and develop logistics facilities across India. This acquisition strengthens IndoSpace Core’s position as India’s largest operator of stabilized industrial and logistics real estate. CPP Investments will commit Rs 14 billion to fund the acquisition. CPP Investments owns 93% of IndoSpace Core.

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affect service aBBAper.freepress|Burtarinrs collectively span 380 acres with a leasable area of approximately 9 mn sq ft, adding to IndoSpace Core’s portfolio of fully deve