Mumbai: CPP Investments and IndoSpace have expanded their IndoSpace Core platform with a US$300 million (₹30 billion) acquisition of six fully developed industrial and logistics parks across key manufacturing and warehousing hubs in India.
The move marks one of the largest logistics real estate transactions of the year, further strengthening the position of CPP Investments within India’s industrial infrastructure landscape.
CPP Investments Leads Funding for IndoSpace Core Expansion
As part of the transaction, CPP Investments will provide ₹14 billion (C$217 million) to support the acquisition. The Canada Pension Plan Investment Board currently owns a 93% stake in IndoSpace Core, a joint venture created in 2017 to acquire and operate stabilized logistics assets across India.
Also Read: Logistics Data Bank 2.0 to Support MSMEs and Strengthen India’s Trade Ecosystem
The six newly acquired assets span 380 acres and offer approximately nine million sq ft of leasable area. All six parks are income-generating and located in strategic logistics corridors, including Bengaluru, Chennai, Delhi, Mumbai, and Pune.
CPP Investments Highlights Strong Momentum in India’s Logistics Sector
Hari Krishna V, Managing Director, Head of Real Estate India & Mumbai Office Head, CPP Investments, said the acquisition reflects the sustained growth of India’s logistics industry.
He noted that urbanization, expanding manufacturing activity, and rising supply chain efficiency continue to create high-quality investment opportunities for long-term global capital.
He added that the longstanding partnership with IndoSpace has enabled CPP Investments to access attractive, risk-adjusted opportunities aligned with contributor and beneficiary interests.
IndoSpace Emphasizes Rising Institutional Confidence
Anshuman Singh, MD & CEO, IndoSpace, stated that the transaction underscores the evolution of India’s logistics sector into a strong, stable, long-term investment market. With over 60 million sq ft of developed and under-development assets, IndoSpace remains India’s largest industrial and logistics real estate developer.
He noted that as India strengthens its role as a global manufacturing hub, demand for compliant, sustainable, and high-quality logistics infrastructure continues to accelerate.
Also Read: E-Commerce Export Hubs to Empower Indian SMEs with Cost-Effective Cross-Border Logistics
Portfolio Expands to 22 Million Sq Ft Across Six Industrial Hubs
Following the acquisition, IndoSpace Core’s total portfolio will grow to 22 million sq ft of leasable area spread across 948 acres. The platform now serves more than 120 multinational and domestic companies across major industrial regions, including Bengaluru, Chennai, Delhi, Hyderabad, Mumbai, and Pune.
About CPP Investments
CPP Investments is a global investment management organization responsible for managing the Canada Pension Plan Fund on behalf of over 22 million contributors and beneficiaries.
The organization invests in public equity, private equity, real estate, infrastructure, fixed income, and alternative assets across global markets.
Headquartered in Toronto, CPP Investments operates offices in Mumbai, Hong Kong, London, New York, San Francisco, São Paulo, and Sydney. As of September 30, 2025, the Fund stood at C$777.5 billion.
