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IndoSpace Core, the joint venture between IndoSpace and CPP Investments, expanded its portfolio earlier this week by acquiring six industrial and logistics parks valued at INR 3,000 crore. The assets, spread across major logistics hubs including Bengaluru, Chennai, Delhi, Mumbai, and Pune, cover 380 acres and offer nearly 9 million sq ft of leasable space. CPP Investments committed INR 1,400 crore to fund the deal, which reinforces the JV's position as India's largest operator of stabilised logistics real estate. Executives from both organisations said the sector's growth is supported by rising urbanisation, manufacturing activity, and sustained institutional confidence.
IndoSpace Core, the joint venture between supply chain infrastructure platform IndoSpace and CPP Investments, expanded its portfolio earlier this week through the acquisition of six industrial and logistics parks collectively valued at INR 3,000 crore. The JV, established in 2017 to acquire and develop Grade-A logistics facilities, is majority-owned by CPP Investments, which holds a 93% stake. Advertisement
The newly acquired assets are spread across major logistics corridors in Bengaluru, Chennai, Delhi, Mumbai, and Pune. Together, they extend across 380 acres and offer roughly 9 million sq ft of leasable area, significantly strengthening the platform's operational presence in India's top warehousing markets.
CPP Investments will commit INR 1,400 crore to fund the transaction. The organisation noted that the latest expansion further positions the JV as the country's largest operator of stabilised industrial and logistics real estate. Its executives indicated that India's logistics segment continues to benefit from long-term structural trends, including rising urbanisation, a fast-expanding manufacturing base, and sustained demand from both domestic and global occupiers.
The Managing Director and Head of Real Estate India at CPP Investments remarked that the acquisition is expected to deliver attractive, risk-adjusted returns for contributors and beneficiaries of the Canadian pension fund.
Following the acquisition, IndoSpace Core's portfolio will scale up to 22 million sq ft of leasable space spread across 948 acres, serving over 120 global and domestic occupiers across six major industrial hubs: Bengaluru, Chennai, Delhi, Hyderabad, Mumbai, and Pune.
IndoSpace's leadership observed that the company intends to pursue a capital-efficient strategy while proactively identifying new development opportunities. As India continues to consolidate its position as a global manufacturing centre, demand for high-quality, compliant, and sustainable infrastructure is rising, forming the basis for IndoSpace's next phase of expansion.
Source - PTI
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