IndoSpace, CPPIB Buy Logistics Parks Worth Rs 30 Billion
WAREHOUSING & LOGISTICS

IndoSpace, CPPIB Buy Logistics Parks Worth Rs 30 Billion

Indian warehouse developer IndoSpace and the Canada Pension Plan Investment Board (CPPIB) have acquired six industrial and logistics parks valued at Rs 30 billion, the companies said on Tuesday. The assets were purchased through IndoSpace Core, their joint venture established in 2017 to acquire and develop logistics facilities.

CPPIB, which holds a ninety-three per cent stake in IndoSpace Core, has committed Rs 14 billion to fund the acquisition. The parks are located in key logistics hubs including Bengaluru, Chennai, Delhi, Mumbai and Pune.

Warehouse developers are experiencing a surge in demand as companies capitalise on India’s economic growth while diversifying supply chains beyond China. India’s warehousing market is projected to more than double to USD 37 billion by 2032, according to estimates from IMARC Group.

“As India cements its status as a global manufacturing hub, we are witnessing increasing demand for high-quality, compliant and sustainable infrastructure,” said Anshuman Singh, Managing Director and Chief Executive Officer of IndoSpace.

In 2023, CPPIB invested USD 205 million as part of IndoSpace’s new fund, which is targeting USD 600 million in equity commitments.

Indian warehouse developer IndoSpace and the Canada Pension Plan Investment Board (CPPIB) have acquired six industrial and logistics parks valued at Rs 30 billion, the companies said on Tuesday. The assets were purchased through IndoSpace Core, their joint venture established in 2017 to acquire and develop logistics facilities. CPPIB, which holds a ninety-three per cent stake in IndoSpace Core, has committed Rs 14 billion to fund the acquisition. The parks are located in key logistics hubs including Bengaluru, Chennai, Delhi, Mumbai and Pune. Warehouse developers are experiencing a surge in demand as companies capitalise on India’s economic growth while diversifying supply chains beyond China. India’s warehousing market is projected to more than double to USD 37 billion by 2032, according to estimates from IMARC Group. “As India cements its status as a global manufacturing hub, we are witnessing increasing demand for high-quality, compliant and sustainable infrastructure,” said Anshuman Singh, Managing Director and Chief Executive Officer of IndoSpace. In 2023, CPPIB invested USD 205 million as part of IndoSpace’s new fund, which is targeting USD 600 million in equity commitments.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code