IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board (CPPIB) and IndoSpace, has acquired six industrial and logistics parks valued at Rs 3,000 crore.
CPPIB, holding a 93 percent stake, will contribute Rs 1,400 crore for the acquisition. The parks, spanning 380 acres with nine million sq. ft. of leasable area, are located in key cities: Bengaluru, Chennai, Delhi, Mumbai, and Pune. This acquisition boosts IndoSpace Core's position as India's largest operator of stabilized industrial and logistics real estate. The portfolio will grow to 22 million sq. ft. across 948 acres.
The transaction comes amid India's expanding logistics sector, driven by urbanization and manufacturing growth, with increased demand for high-quality infrastructure.