CPP Investments and IndoSpace Expand JV, Acquire Six Logistics Parks Worth ₹3,000 Crore

Canada Pension Plan Investment Board (CPP Investments) and IndoSpace have expanded their joint venture, IndoSpace Core, by acquiring six industrial and logistics parks valued at ₹3,000 crore. The companies announced the transaction on November 25, stating that the acquisition significantly strengthens IndoSpace Core’s position as India’s largest operator of stabilised logistics and industrial real estate.

Major Commitment from CPP Investments

To support this acquisition, CPP Investments will commit ₹1,400 crore, according to a joint press release. CPP Investments currently owns 93 percent of IndoSpace Core.

The joint venture, established in 2017, focuses on acquiring and developing modern logistics facilities across India. With this latest expansion, IndoSpace Core continues to deepen its footprint across key industrial hubs.

Details of the Acquisition: Six New Logistics Assets

The six industrial and logistics parks being acquired collectively cover 380 acres and offer a combined leasable area of nearly 90 lakh sq ft. These assets are spread across major logistics markets, including:

• Bengaluru

• Chennai

• Delhi

• Mumbai

• Pune

The company noted that the new assets will complement IndoSpace Core’s existing portfolio of “fully developed, income-generating parks”.

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Portfolio Expands to 220 Lakh Sq Ft

After the acquisition is completed, IndoSpace Core’s total portfolio will expand to:

• 220 lakh sq ft of leasable area

• Spread across 948 acres

• Serving over 120 global and domestic companies

• Operating across six major hubs: Bengaluru, Chennai, Delhi, Hyderabad, Mumbai and Pune

This addition further consolidates IndoSpace Core’s leadership in the industrial and logistics real estate segment.

Sector Evolution Backed by Institutional Confidence

Commenting on the deal, Anshuman Singh, Managing Director & CEO of IndoSpace, said the transaction reflects the strong evolution of India’s logistics industry. He highlighted that the sector has become a “long-term investment story” supported by stable demand and rising institutional participation.

Singh stated that IndoSpace, with “over 60 million sq ft developed and under development,” has established itself as the largest player in India’s logistics and industrial real estate market. He added that the acquisition strengthens IndoSpace’s partnership with CPP Investments, a partnership rooted in a shared belief in India’s potential as a global logistics hub.

CPP Investments Highlights Strong Structural Growth

Hari Krishna V, Managing Director and Head of Real Estate India at CPP Investments, noted that India’s logistics sector continues to benefit from strong structural tailwinds such as urbanisation and an expanding manufacturing base.

He added that CPP’s long-standing partnership with IndoSpace has enabled the institution to capture high-quality real estate opportunities across the logistics space. He believes the acquisition will generate “attractive, risk-adjusted returns” for CPP contributors and beneficiaries.

Strategic Strengthening of India’s Logistics Infrastructure

The acquisition comes at a time when India’s logistics and warehousing demand continues to grow, fueled by manufacturing expansion, supply chain modernization, and rising consumption. The IndoSpace–CPP Investments JV has remained a key player in building institutional-grade logistics infrastructure across the country.

With the latest expansion, IndoSpace Core reinforces its leadership position and strengthens its ability to cater to multinational and domestic clients seeking high-quality warehousing and industrial spaces.

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