CPP Investments anchors new IndoSpace fund with $205 mn investment

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

Pratigya Yadav New Delhi
joint venture

Canada Pension Plan Investment Board (CPP Investments), an asset management company, said on Monday it has entered into a joint venture (JV) with IndoSpace and will invest $205 million in the real estate firm’s fund.
The JV marks the first close for IndoSpace Logistics Parks IV (ILP IV), a development vehicle targeting $600 million of total equity commitments. CPP’s investment will add an additional 25-30 million square feet to IndoSpace’s portfolio, focusing on real estate markets in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.
CPP Investments has also invested in IndoSpace Logistics Parks III. Following the investment in ILP IV, the partnership will exceed $1 billion in assets.

Also Read

IndiGrid, Brookfield show interest in buying 2 transmission projects

India's share in venture capital funding falls sharply; China surges ahead

PE/VC investments drop 75% in October over last year: IVCA-EY report

BlackSoil crosses $300 mn in venture debt deals, predicts robust market

Startups increasingly raising venture debt as investors fear funding winter

Adani Group CFO says stocks rout similar to colonial-era massacre

Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs

Air India to use new program for real-time reporting of in-flight incidents

Coworking firm Smartworks forays into Ahmedabad with 56k sq ft office space

India's Laurus Labs posts 32% profit jump on demand for drug ingredients

First Published: Jan 30 2023 | 2:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to