CPP Investments and IndoSpace have expanded their jointly held platform, IndoSpace Core, with the acquisition of six industrial and logistics parks valued at Rs 30 billion. IndoSpace Core, established in 2017, focuses on acquiring and operating stabilised logistics assets across India. To support the transaction, CPP Investments will commit Rs 14 billion. The pension fund currently holds a 93 per cent stake in the venture.

The newly acquired portfolio spans 380 acres and offers nearly nine million square feet of leasable space across major logistics markets including Bengaluru, Chennai, Delhi, Mumbai and Pune. All six parks are fully developed, income-generating assets that further consolidate IndoSpace Core’s position as India’s largest operator of stabilised logistics real estate.

Hari Krishna V, Managing Director and Head of Real Estate India at CPP Investments, said that India’s logistics sector continues to benefit from structural growth, underpinned by urbanisation and a rising manufacturing base. He noted that the partnership with IndoSpace has enabled both organisations to access high-quality opportunities that can deliver attractive, risk-adjusted returns.

IndoSpace MD and CEO Anshuman Singh highlighted that India’s logistics sector has matured into a long-term investment opportunity supported by sustained demand and institutional interest. With over 60 million square feet delivered or under development, IndoSpace remains the country’s largest industrial and logistics real estate developer. He added that stronger manufacturing activity is driving demand for compliant, sustainable and high-quality warehousing infrastructure.

Following this acquisition, IndoSpace Core’s portfolio will grow to 22 million square feet of leasable space across 948 acres, serving more than 120 domestic and global companies in six leading industrial hubs—Bengaluru, Chennai, Delhi, Hyderabad, Mumbai and Pune.