Canada Pension Plan Investment Board (CPP Investments) announces an investment of US$205 million as an anchor investor in IndoSpace’s new real estate fund.

IndoSpace Logistics Parks IV will add an additional 25-30 million square feet to the IndoSpace portfolio, furthering IndoSpace’s leading position in the Indian market.

ILP IV will focus on India’s largest logistics real estate markets including Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune.

The establishment of ILP IV follows from the first three development funds, which have a combined total of 56 million square feet of modern logistics real estate in India.

IndoSpace is a leading investor, developer, and operator of grade-A industrial and logistics real estate in India with a network of 50 logistics parks with 56 million square feet delivered/under development across 10 cities.

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