CPPIB to invest $500 mln to IndoSpace Core JV
Canada Pension Plan Investment Board (CPPIB) said May 15 that it has committed to invest $500 million in a joint venture with IndoSpace. CPPIB will own a significant majority of IndoSpace Core, while IndoSpace Capital Asia will manage the entity. IndoSpace Core has committed to buy 13 industrial and logistics parks totaling about 14 million square feet, from current IndoSpace development funds. The assets are located in industrial and logistics hubs in India, including Chennai, Pune, Mumbai, Delhi and Bangalore. IndoSpace Core has the option to buy another industrial and logistics parks totaling approximately 11 million square feet.
15 May 2017•4 mins read
