CPP Investments and IndoSpace have acquired six industrial and logistics parks in India for INR 30 billion, enhancing IndoSpace Core's position as the country's largest operator in this sector.

Target Information

On November 25, 2025, it was announced that the Canada Pension Plan Investment Board (CPP Investments) and IndoSpace have completed the acquisition of six industrial and logistics parks for INR 30 billion (approximately C$471 million). This acquisition was carried out by IndoSpace Core, a joint venture formed in 2017 that aims to acquire and develop logistics facilities throughout India. The deal fortifies IndoSpace Core’s standing as the leading operator of stabilized industrial and logistics real estate in the country. To finance this acquisition, CPP Investments will contribute INR 14 billion (C$217 million), holding a 93% stake in IndoSpace Core.

Collectively, the six newly acquired assets encompass 380 acres and offer a leasable area of around nine million square feet, enriching IndoSpace Core's portfolio of fully developed, income-producing parks. These assets are strategically located in key logistics markets across India, including Bengaluru, Chennai, Delhi, Mumbai, and Pune.

Industry Overview

India's logistics sector is undergoing significant transformation, benefiting from ongoing urbanization and an expanding manufacturing landscape. This growth presents robust structural opportunities as t