IndoSpace, in partnership with the Canada Pension Plan Investment Board, has acquired six industrial and logistics parks in India for 30 billion Indian Rupees, enhancing its position in the rapidly growing logistics sector.

Target Information

IndoSpace Core, a joint venture established in 2017, is focused on acquiring and developing logistics facilities in India. The recent acquisition includes six industrial and logistics parks valued at 30 billion Indian Rupees (approximately 471 million Canadian dollars). This strategic deployment of capital underscores IndoSpace's commitment to enhancing the logistics infrastructure within the region.

The assets acquired comprise diverse logistic facilities that cater to various sectors, positioning IndoSpace to leverage the growing demand for warehousing and distribution capabilities across India. This transaction is expected to significantly bolster IndoSpace's portfolio and strengthen its market presence.

Industry Overview in India

The logistics industry in India is witnessing substantial growth, driven by factors such as rapid urbanization, increasing goods consumption, and favorable government initiativ