CPP Investments and IndoSpace Forge a New Path in Logistics
CPP Investments and IndoSpace have recently announced a significant acquisition that reinforces their partnership in the logistics sector. This strategic move involves IndoSpace Core purchasing six industrial and logistics parks for a total value estimated at INR 30 billion (around C$471 million). Established in 2017, IndoSpace Core's primary goal has been to acquire and develop logistics facilities across India.
Strengthening Market Position
This acquisition enhances IndoSpace Core's standing as India’s leading operator of stabilized industrial and logistics real estate. CPP Investments will contribute INR 14 billion (approximately C$217 million) to support this acquisition, holding a 93% ownership stake in IndoSpace Core. This investment showcases their confidence in the growth potential of India's logistics landscape.
A Closer Look at the Assets
The newly acquired assets span approximately 380 acres, offering nearly nine million square feet of leasable area. This effectively boosts IndoSpace Core's portfolio of income-generating parks, which are strategically located in key logistics markets including prominent cities across India.
Urbanization Driving Growth
As the logistics sector in India continues to expand, it benefits from strong underlying trends driven by urbanization and a growing manufacturing footprint. Hari Krishna V, Managing Director and Head of Real Estate at CPP Investments, highlights that their long-standing partnership with IndoSpace has allowed them to seize high-quality opportunities within this sector. This acquisition is expected to provide attractive, risk-adjusted returns for stakeholders.
IndoSpace's Commitment to Quality
Anshuman Singh, MD and CEO of IndoSpace, remarks on how this transaction reflects the evolution of India’s logistics sector into a reliable long-term investment. With over 60 million square feet of developed and under-development space, IndoSpace stands as a dominant player in this field. Singh emphasizes their strategy to remain efficient with capital while actively pursuing new opportunities, particularly as India strengthens its role as a global manufacturing hub.
Portfolio Expansion and Future Outlook
Following this acquisition, IndoSpace Core’s portfolio is set to expand to an impressive 22 million square feet of leasable area across 948 acres. They currently serve over 120 global and domestic companies across major industrial hubs, including Bengaluru, Chennai, Delhi, Hyderabad, Mumbai, and Pune.
About CPP Investments
CPP Investments manages the Canada Pension Plan Fund with a commitment to act in the best interest of its over 22 million contributors and beneficiaries. The organization invests across multiple asset classes globally, including public equities, private equities, real estate, and infrastructure, ensuring diversified portfolios that aim for sustainable growth. With its global reach and independent governance, CPP Investments had a fund total of C$777.5 billion as of September 30, 2025.
About IndoSpace
IndoSpace is recognized as India’s preeminent fully integrated supply chain infrastructure platform. With a robust portfolio of over 60 million square feet across more than 50 strategically located hubs, IndoSpace serves as the backbone for over 150 industry leaders in various sectors including manufacturing, electronics, e-commerce, retail, and automotive.
Frequently Asked Questions
What are the key details of the acquisition by IndoSpace?
The acquisition involves six logistics parks valued at INR 30 billion, enhancing IndoSpace Core's presence in India's logistics sector.
How much did CPP Investments contribute to this acquisition?
CPP Investments committed INR 14 billion to fund this significant acquisition.
What will be the total area of IndoSpace Core's portfolio after this acquisition?
IndoSpace Core's portfolio will expand to 22 million square feet of leasable area across 948 acres.
What is IndoSpace’s strategic focus moving forward?
IndoSpace aims to remain capital-efficient while pursuing new development opportunities as demand for sustainable infrastructure rises.
How does CPP Investments ensure the best interest of its contributors?
CPP Investments diversifies its portfolio by investing globally in various asset classes, ensuring sustainable growth for its contributors and beneficiaries.
