IndoSpace Core Acquires Six Logistics Parks in $300 Million Deal.

Canada Pension Plan Investment Board (CPP Investments) and IndoSpace said their joint venture, IndoSpace Core, has acquired six industrial and logistics parks for $300 million, expanding its footprint in one of India’s fastest-growing real estate segments.

The assets are valued at ₹3,000 crore (C$471 million), the companies said in a statement. IndoSpace Core focuses on acquiring and developing stabilised logistics facilities across the country.

The deal strengthens IndoSpace Core’s position as India’s largest operator of stabilised industrial and logistics real estate. CPP Investments, which holds a 93% stake in the venture, will contribute ₹1,400 crore (C$217 million) toward the transaction.