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CPP Investments and IndoSpace Expand Joint Venture with US$300 Million Acquisition of Six Logistics Parks
The acquisition adds about nine million sq ft to the portfolio serving over 120 companies across six major Indian logistics hubs, funded largely by Canada Pension Plan Investment Board.
- On Nov. 25, 2025, Canada Pension Plan Investment Board and IndoSpace said IndoSpace Core, joint venture established in 2017, acquired six industrial and logistics parks in India for INR 30 billion.
- The acquisition expands IndoSpace Core by growing its portfolio to 22 million square feet across 948 acres, strengthening its position as India's largest operator of stabilized industrial and logistics real estate.
- The six assets total 380 acres with nine million square feet in Bengaluru, Chennai, Delhi, Mumbai and Pune, and CPP Investments will commit INR 14 billion to fund the deal.
- CPP Investments, which owns 93% of IndoSpace Core, said the acquisition will deliver attractive, risk-adjusted returns for contributors and beneficiaries, with the Fund totalled C$777.5 billion at September 30, 2025.
- Analysts forecast India's warehousing market to more than double to US$37-billion by 2032, while IndoSpace has over 60 million square feet developed and under development, aligning with PM Gati Shakti and National Logistics Policy.
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CPP Investments and IndoSpace joint venture purchases six logistics parks for $300 million
The new parks are located in Mumbai, Delhi, Chennai, Bengaluru, and Pune. In a release, IndoSpace Core stated that CPP Investments is committing around Rs 1,400 crore to fund the acquisition
·India
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Leaning Left4Leaning Right3Center4Last UpdatedBias Distribution37% Left, 36% Center
Bias Distribution
- 37% of the sources lean Left, 36% of the sources are Center
37% Left
L 37%
C 36%
R 27%
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